[Redcloak]

If one runs a company in India, are they allowed to operate with little or no interference from bureaucrats? Or is there always a hand appearing looking for what the Mexicans call La Mordita; the little bite? Countries with vibrant economies have governments that respect the rule of law. Those that falter often have corrupt governments who's minions bleed the economy dry looking for bribes. Mexico is a prime example. They have conditions that, on the surface, are very similar to those north of the border: Almost as large a homogeneous population, almost identical natural resources, a similar length of time independent from Europe, etc.. But their economy is hamstrung by a corrupt government and has been for decades. If Indian businesses are, like Mexican businesses, constantly having to pay off officials, then that would explain the nation's economic situation.

[Madiuq]

IMHO, India is rapidly liberalizing their economy and opening up their markets, particularly in the tech sector. India could have opted for a Communist short-cut, as the Chinese did, but instead opted for the harder route, democracy.

Democracy is slower and more chaotic than Communism, but I believe strongly that it is a nobler route than totalitarian and oppressive rule over one's people, coupled with murder and imprisonment if you question governmental policies (as in China).

[koba]

Corruption is one major problem in India, like it is in Mexico. Another is a devalued currency. The list of problems in India are enourmous, and that is one reason why the brightest Indians try to leave.