The Times – Why I put my money on the elephant over the dragon<br/> India may yet win the struggle for economic supremacy in the East, by Maria Misra

Western businessmen are not the only ones making unfavourable comparisons. Indians themselves are haunted by success of their Chinese neighbour. In the 1960s they fretted about not being as good at socialism, now they fear they aren’t as good at capitalism either.

Though perhaps I shouldn’t feel sorry for them. They could have been spending that time working on capitalism from the beginning. Did you know that India has more children living in poverty* than the whole of Africa? They don’t like to talk about that.

* real poverty, not American poverty