Economics focus: Light and shade

摘要

Look at the big picture, and India's future seems assuredly bright. It has banished famine and cut absolute poverty by more than half. Economic growth is among the fastest of any country. Its newly confident businesses are spreading their wings. Having long been "hyphenated" with Pakistan as a dangerous trouble-spot, the country is now seen as half of an "India-China" pairing that is transforming the global economy. If this were a race, India, as the younger country, and a vibrant but sta-ble democracy, would seem to many the better long-term bet.