India and China: Where next for 2013?

Recent years have seen rapid economic growth in India and China. But, with both countries having undergone major change and challenges in 2012, questions about their future potential have led to much debate among investors.

Naomi Osinnowo takes a look back at last year's defining moments and finds out what the future holds in 2013 and beyond. India India's economy showed signs of light in Q3 2012 when a series of government reforms announced in September to reverse the economic slowdown and restore investor confidence got underway. The government pushed up prices of diesel, a heavily-subsidised transport fuel, and applied a limit to the subsidy on natural gas cylinders - a cooking oil used by many natives. It then opened its retail, domestic airline and power exchange sectors to foreign direct inve...