CHENNAI, India — India may well be a case of two vastly different stories. One is a grand tale of its phenomenal success, while the other shocks and scandalizes you.
India is the second-fastest growing nation in the world, and hopes to reach a growth rate of 10 per cent by the end of 2011. Contributing to this have been the country's agriculture revolution, impressive industrialization, expanding and prospering middle class and impressive literary rates in some States.
A far more significant factor has been India's democracy and its largely independent judiciary and media. One Western banker has been quoted as having said that "China has progressed so fast because it had no law, but now India will be the fastest because it has law."