India's surprising economic miracle

Despite the example set by India's poor management and hosting of the 2010 Commonwealth games this month, all signs point to the country as a burgeoning economic powerhouse that will soon outpace China. Two main reasons are cited as inherent Indian advantages that will propel the country into success. The first is demographics, the fact that India's young population will consistently fuel the labor force for years and years to come, as opposed to China's ageing population and detrimental one-child policy. The second is India's position as a democracy, allowing the free exchange and cultivation of ideas proposed by private businesses. This article is basically a comparison of India's economic future versus China's economic future. And from the ideas written in this piece, I am pretty convinced that India has superior potential.