India has these advantages over China
India and China: Rivals or fellow ‘tigers’?
True, India has some advantages — it has a strong technology and service industry, a relatively efficient capital market with a long history of banks, a strong private sector and legal framework, a younger workforce, a growing population, and a great university system.
India’s capital market and strong entrepreneurial culture mean that companies tend to have a higher return on equity than China, the ultimate driver of profitability, and so attract higher prices, experts in the field say.
But red tape, corruption, tough labor laws and bureaucracy all deter investment, leaving a woeful infrastructure and a lackluster primary education system.
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