Creative destruction is how India can catch up to China

The ideological battle being fought in India is coming at the expense of economic development. The country needs a dose of East Asian ruthlessness to lift hundreds of millions out of poverty.

For years, China and India have been mentioned in the same breath as the twin engines of a resurgent Asia. Jairam Ramesh, an Indian Member of Parliament and a former minister of state, even coined the term ‘Chindia’ to describe the two emerging giants.

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