Cait Murphy, Fortune assistant managing editor has written a nice article about Why India will overtake China – despite recent growth, political oppression will keep the Asian tiger on a tight leash.
China has higher literacy and better infrastructure. It takes a month to start a business in China, and three in India. China has more savings, less debt and less poverty. Then how India is going to overtake china?
Author discusses matter with following two points:
- Political infrastructure
- Demonstrable success
If this is a race, India has already been lapped,” concluded the Economist in a survey of the two Asian giants.
Read more at CNNMoney…