Will India steal China's thunder?(economic development)

From: The International Economy | Date: March 22, 2006 | Copyright information

For most of the last decade, global strategists have fixated on China's potential to become a global economic powerhouse. What are the chances that while China continues to grow, India turns out to be the major new powerhouse in the global economy? After all, India enjoys

* an educated class far larger than that of China;

* a huge English-speaking middle class population;

* a relatively predictable legal system;

* the likely potential for fewer demographic problems than China; and

* a globally strategic location allowing it to become potentially an important ...

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