A disorderly slowdown in China and regional geopolitical tensions could derail optimism surrounding India`s outlook next year, according to a new report. Asia`s third-largest economy is closing out the year with a bang as cheap oil boosts its fiscal position and investors cheer Prime Minister Modi`s pro-business reforms, making Indian markets one of the world`s best performing hedge fund strategies this year , according to Hedge Fund Research (HFR). The renewed confidence is crucial to India maintaining its status as the current favorite among emerging markets.