If you want to invest in business, which of these countries would you put your money in - India or China?

Why pick one over the other? Invest in both. There are excellent investment opportunities in both countries. However, assets appear to be selling at more reasonable prices in China at the moment than in India. If you had asked this question in late May or early June, I would definitely said India. Assets were a bargain then.

Vietnam

India. Comparatively speaking, India has no infrastructure, China has not enough fuel or cars. But China is constantly making hostile noises towards the USA, is building up a vast military, looking hungrily east and west, and backing nations that daily threaten the USA and world stability as a whole. I believe most of India is a peaceful nation (in reality, same as most of China) but it does not have a government/hardliner military that wants to take on the USA. Therefore I support India more. You don't have to be beligerent, or take over countries like Tibet and destabilze others like Nepal or Kashmir province (of India) to be a world leader. Yes maybe the USA did those things a century or two ago, but I didn't do it, I'm not responsible for those that did, my concious choice would be to invest what I save from what I earn, in foreign countries I like and that I think will be good investments, and that would be India over China. If China wasn't wasting all that money on a military build up they could do something about drought and food shortages, pollution, and poor labor conditions in their country, and simply outbid others for the oil they crave, or help lead the way on alternative energy sources and hybrid vehicles, they don't need a military option, that's only for armchair generals who want to be great heroes like Emperor Chin.

India. China's economy is made up of a thousand Enrons. The idea that India is backwards infrastructure wise is a myth. Look at all those doctors from India coming to the U.S. Bollywood is bigger than Hollywood. As for the dirt roads, I've been in in Idaho in the '70s and '80s and many of the main towns were connected by dirt roads. I was up there last year and saw a hotel advertising it had electricity. Now all those roads are paved and I'm sure in 20 years India will have a competent infrastructure throughout India.

Invest in the place you have connections with, and know the most about the country's financial situation.

None of the above.

Have you looked into the Philippines . There are alot of opportunites there within all ranges of investment.