India’s promise

Jonathan Power interviews India’s newly appointed PM—and ex-Secretary General of the “South Commission”:—Manmohan Singh about managing expectations, opportunities and leadership in the world’s largest democracy bq.  India has a lot going for it that China does not. Apart from its thriving democracy and free press, it has world-class companies, especially in information technology, biotechnology and pharmaceuticals. It has the intellectual capital of its √©migr√©s returning from Silicon Valley. Its banking system has relatively few underperforming assets. Its capital markets operate with greater efficiency than China’s. Above all, it has the rule of law.(“Prospect Magazine”:

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