Could India Overtake China?
Indian executives pride themselves on things that set their country apart from China: democracy, a reliable legal framework for investors and a widespread command of English.
Indian executives [at the Davos business forum in Switzerland] prided themselves on the things that set their country apart from its biggest rival among emerging markets, China: democracy, a reliable legal framework for investors, a widespread command of English, a young population due to overtake China’s by 2030, and of course its famed information technology sector. But there was also an acute sense of envy of China’s superior infrastructure, Beijing’s capacity to map out long-term economic development unbound by election deadlines and the country’s comparatively high literacy rates, particularly among women.
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