Mar. 19 – Asked in an interview with the Economic Times where he would invest in right now, Peter Redward, head of emerging Asia research for Barclays Capital said he would go with India in a straight choice between India and China.

“China has some concerns surrounding the monetary policy tightening that’s going on there right now and also concerns about balance sheets and the potential risks in the banking system from the rapid credit. Until that’s resolved, China is probably going to struggle a little bit,” Redward said.

Recognizing that India’s economy is expected to surpass US$1.5 trillion in 2010, the country “looks pretty good to us,” he said. “We think the ongoing rise in the savings rate in India…is leading to a very sharp pickup in investment as a share of GDP. This is the same kind of dynamics that we saw in China 10 years ago. We think that balance sheets in India are generally much more transparent than in China.”