A working/representative democracy is the best bet for a sustainable economic growth of a country , because it automatically contains the necessary checks and balances to keep a country on a steady path of growth without any major shocks.
It may seem to grow like a tortoise , but view it over a longer period it will beat the hare that is for sure.
- Despite slowing, China’s economy is still growing at a much faster clip than India’s.
- But that may be about to change with signs that India’s economy has bottomed while China faces serious downside risks.
- With inflation falling in India, interest rates there are set to drop and this, combined with a new, business-friendly government, should provide the impetus for the next business investment cycle.
- For a long time, India’s decentralised economic model has been viewed as inferior to China’s authoritarian, top-down model. A reappraisal of that view may soon be in order.
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