Deutsche Bank recently compared Chinese and Indian economic growth over the past few years. It clearly shows how just a few years of slightly higher economic growth can change global power,a lot
Growth is very important. Let’s hope American politicians have learned the lesson.
What this tells me is that China’s reform policies have paid off handsomely, but that China’s business culture has some strong hurdles. Conversely, India has fared less well due to slower reforms, but has a greater potential in the sense that there is more ingrained Western-style business culture.