"If India keeps growing as fast as it is now, it will change the world. Optimists predict that it will be the next China, only friendlier and more democratic."
After reading both articles "India's surprising economic miracle" and "A bumpier road but freer road"on The Economist website, I noticed the comparison between China and India and the roles of these Asian countries play in the Globalization era. Both articles point out similarities and differences between both countries. "India's surprising economic miracle" is brief but informational and optimistic for the potential growth of India. While "A bumpier road but freer road" is broader and extensively detailed about the potential of India compared to other countries.
There are two main points that the author from "India's surprising economic miracle" highlights in the article. The first one is the demography. The demography in India is much younger compared to China whose one-child policy might decelerate their progress as a world power. This is also mentioned in the article "A bumpier road but freer road" which displays the following graph about their demographics:
The second factor that the author from "India's surprising economic miracle" mentions is the structure and differences between the governments of China and India. India's capitalist economy is run by millions of entrepreneurs while China's central government monitors and controls the country. Most companies are pressured by stockholders to do business with China because of their magnitude and power as leaders in the business world. While other optimists see the potential of India and find it easier to deal with their government.
"Ideas flow easily around India, since it lacks China’s culture of secrecy and censorship. That, plus China’s rampant piracy, is why knowledge-based industries such as software love India but shun the Middle Kingdom."
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