Tim makes this far too easy. Sure, India's growing like crazy, as is much of the rest of Southeast Asia, but growing economies don't correlate with stock returns. Just ask Jeremy Siegel, or take a look at the recent drubbing handed to Indian and other Asian stocks. The so-called "returns" provided to most of these investors have been the fluff of irrational exuberance, and that doesn't hold up well.
Don't be fooled by the hype, folks. The reason you should avoid countries that everyone tells you are going to provide the next big thing are that they're already priced that way. It's what you pay, not how they play, that determines your success. I'll take underappreciated Mexican "mediocrity" any day of the week over Asian hotties. History shows that those who pay big prices for growth end up burned.
North America is taking on India and Southeast Asia in this Investing World Cup match. Go back to the intro page to navigate your way to another part of this contest, and then vote for the region that you think should advance to the next round of the tournament.
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