India has surpassed China in both economic growth and stock market performance in recent years. The MSCI India index has grown 7.5% this year, while the MSCI China index has declined 7.6%. Over a five-year period, Indian stocks have risen 63% compared to a -18% return in the Chinese market. Factors such as infrastructure investment, foreign funds, and retail investors have contributed to the outperformance of Indian stocks.