Will India Gain From China’s Economic Slowdown?

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Will India Gain From China’s Economic Slowdown?

Investors and financial analysts around the world are becoming increasingly worried about the slowdown of China’s economy. The surprising move of the People’s Bank of China to devalue the yuan currency ignited concerns that led to a global market rout last month.

On Wednesday, the preliminary Caixin China Purchasing Managers’ Index (PMI) showed that the manufacturing activity in the dropped from 47.3 last month to 47% in September. A reading b