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Indeed, even as the dragon and elephant economies are together projected to take over the world in a matter of decades, there is a palpable difference in the way China and India work on the ground. China is spectacularly efficient in building infrastructure and is currently investing almost half its GDP it is crafting a new economic idiom that has stood textbook wisdom on its head. Meanwhile, India is the classic example of a promising economy: more than half its GDP is consumed by its billion-plus population half its population is younger than twenty-five, giving it a unique demographic advantage 350 million Indians are English-speaking, making it the largest English-using country in the world and it is, of course, the worlds largest democracy. In the race to superpower status, who is likely to breast the tapeChinas hare or Indias tortoise? Chinas spectacular sweep, compared to Indias relatively mild rise, could tempt an easy answer. But history unfolds over time, and Bahl argues that the winner of the race with the biggest stakes ever might not be determined by who is investing more and growing faster today, but by something slightly more intangible: who has superior innovation and more entrepreneurial savvy and is grappling with and expanding in the most intensely competitive conditions. And, at the end, it might come down to just one deciding factor: can India fix its governance before China repairs its politics?

Indeed, even as the dragon and elephant economies are together projected to take over the world in a matter of decades, there is a palpable difference in the way China and India work on the ground. China is spectacularly efficient in building infrastructure and is currently investing almost half its GDP it is crafting a new economic idiom that has stood textbook wisdom on its head. Meanwhile, India is the classic example of a promising economy: more than half its GDP is consumed by its billion-plus population half its population is younger than twenty-five, giving it a unique demographic advantage...  Read More