FORBES ASIA 5/04/2014 @ 11:00AM
By James
Gruber
On the face
of it, the title of this article will seem absurd to many. While China ’s
economic growth has slowed, it’s still running at a brisk 7.4% annual rate.
Moreover, the Chinese government seems to be successfully slowing credit in
order to rein in a burgeoning debt issue. And it’s implementing a plethora of
reforms which should propel the next phase of growth.
Meanwhile, India ’s a mess.
This fiscal year’s GDP will be below 5% and near decade lows, government and
corporate debt is high, the current account deficit has been out of control
until recently, inflation reached double-digits late last year, business
confidence and investment are at extreme lows and corruption remains rampant.