Inflation makes India a gamble

HONG KONG - Rising consumer prices make India's stock market riskier than China's, said Garry Evans, HSBC Holdings Plc's global head of equity strategy.

India will increase interest rates by 150 basis points in the next 12 months to contain rising prices fueled by accelerating economic growth, HSBC forecasts.

The nation's consumer prices surged 14.9 percent in February, while China's gained 2.7 percent, according to data compiled by Bloomberg.