[CHART] This Stock Is the Best Way to Invest in India Now

Lombard Odier, one of the most prestigious banks in the world, says it is finding the most interesting investment opportunities in the "Far East."

If you've been paying attention to the financial news lately, that might come as a surprise.

The trade war with China has hung over the stock market like the sword of Damocles since the beginning of last year.

And a slew of companies - from Apple Inc. (NASDAQ: AAPL) to Nvidia Corp. (NASDAQ: NVDA) - have blamed poor earnings growth on a slowdown in China.

In fact, China's latest gross domestic product (GDP) numbers showed its economy growing the slowest it has in 28 years.

So why is one of the most prestigious private investment banks in the world pivoting toward Asia, including Chinese stocks?

You'll know exactly why when you see this chart...

China and India Are Fueling Global Growth

Despite the hand wringing over China's alleged slowdown, the BRIC powerhouses of China and India offer the most explosive growth potential of anywhere in the world over the next decade.

Take a look at the staggering potential in the chart below. China's potential growth is nearly double that of North America. Plus, India pushes the rest of Asia to nearly double Europe's expected growth...

It's no wonder Patrick Odier, the Senior Managing Partner of Bank Lombard Odier, calls this one of the "privileged regions" and says his firm is scooping up Asian equities.

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And if you're worried about China's so-called "slowdown," consider this: China's GDP growth in Q4 of 2018 dropped to 6.4%, down from 6.7% a year earlier. That's what got the financial press so worked up. To put that in context, the U.S. GDP growth averaged roughly 2% per quarter over the last decade, fueling stocks nearly 200% higher.

If a mere 2% GDP growth could power the longest bull market in history, then imagine what over 6% growth will do.

Money Morning Chief Investment Strategist Keith Fitz-Gerald doesn't pull any punches about what that means for you: "The Red Dragon has every ingredient needed when it comes to building the kind of wealth most investors crave but very few will ever achieve."

And India's economy is no slouch either.

India's GDP growth is projected to jump from 6.68% in 2017 to a staggering 7.73% by 2022. China's economy is larger, but India's is growing even faster.

In fact, in a new research report from Oxford Economics, the top 10 fastest-growing cities by GDP over the next decade will all be in India.

This level of growth is simply too incredible to ignore, especially when American stocks are sitting near record-high valuations. No one knows this better than Warren Buffett, who warned shareholders last year that he couldn't find many deals in this overpriced environment.

Buffett told Berkshire Hathaway (NYSE: BRK.B) shareholders last year that "sensible purchase price" was an obstacle in nearly all deals he reviewed in 2017.

But in August 2018, Berkshire found a deal they liked in India.

Berkshire took a $360 million stake in Paytm, a digital payment company and Berkshire's first Indian investment. While you won't be able to follow Buffett's footsteps by buying into a private company, it's another sign of the massive potential in India's market.

Take Tata Motors Ltd. (NYSE: TTM) for example. The Indian carmaker has nearly tripled its profits since 2010 and has grown sales for nine of the last 10 years. Plus, it sports a price/earnings ratio of just 12.6, about half of the S&P 500 average, so you're not overpaying to access those profits.

Wall Street is bullish on the firm's growth too, with analysts giving Tata stock price targets as high as $31 a share, nearly 150% higher than its current $12.58 a share.

You're not getting that sort of growth potential with General Motors Co. (NYSE: GM). Its earnings hang by the thread of a 0.24% profit margin as the company overhauls its lineup to keep up with changing consumer demand. It's no wonder the consensus projection for GM stock is a mere 16% gain in 2019.

However, Tata only gives you exposure to India's market, when all of Asia is booming.

We think it's better to tap into both China and India's incredible growth rate, and the broader region all at once.

That's why the company we're going to show you is what Keith calls the "best buy you can make today."

Not to mention, this company is investing all over Asia as we speak, including a $4 billion investment in Southeast Asia's e-commerce leader.

This is our "one-stock wealth machine."

The One Stock to Own in Asia

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Alibaba Group Holding Ltd. (NYSE: BABA) is a foundational stock just about every investor can build their portfolio around.

Money Morning Executive Editor Bill Patalon says a single share of Alibaba could be worth as much as $2 million in the next four decades. If you think that's crazy, think again.

Alibaba handles 80% of China's online shopping, and China is the biggest e-commerce market in the world. Chinese consumers racked up $1.2 trillion in online sales in 2017 - more than double the United States' - including an incredible $30.8 billion in sales in one day on Singles Day. That's with the U.S. economy at peak performance, while China's has plenty of room to run even higher.

And with a stranglehold on the world's largest e-commerce market, Alibaba's financial numbers are a sight to see.

Revenue has grown 50% per year for the last five years, its cloud computing platform nearly doubled in size in 2017, and international growth is over 110% per year. That all translated into an incredible profit of $9.6 billion last year on a 26% margin. That's 200% more than Amazon's profits, and a profit margin 15 times larger than Amazon's.

And Alibaba is just getting warmed up.

Consider its second $2 billion acquisition of Lazada last year. Lazada is the largest e-commerce platform in all of Southeast Asia. It's the biggest e-commerce company in Singapore, Vietnam, Malaysia, Thailand, and the Philippines. Now, its platform is being integrated into Alibaba's.

While India's growing protectionist sentiment under Narendra Modi threatens foreign companies, Alibaba is much better positioned to break through it than American retailers like Amazon Inc. (NASDAQ: AMZN) or Walmart Inc. (NYSE: WMT). India outlaws foreign companies from shipping inventory into India from overseas, and it's just closed a loophole that Amazon and Walmart were using to stash their inventory in India.

But Alibaba's platform connects local sellers with local customers, which means it doesn't need to import its own inventory the way Amazon does.

Plus, Alibaba is investing in Indian e-commerce firms, much like its takeover of Lazada. Alibaba has already invested $250 million into Paytm, the same online retailer Buffett piled into. And Alibaba poured another $150 million into Zomato, an Indian website connecting patrons with restaurants.

Alibaba already dominates China's online retail market, and it's your one-stop access to all of Asia's incredible growth potential.

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