India has its positives and negatives. On the plus side, it is a reasonably open parliamentary democracy, with less overt corruption and stronger rule of law ( than China ), and an extensive English-speaking educated class - all beneficial factors in attracting stable foreign investment. On the flipside, it has a long, long way to go in matching China's infrastructure development, it has serious social, ethnic, and religious divisions, and being a democracy India cannot organize and advance its modernization programs as ruthlessly ( and with as little regard for the economic losers amidst the citizenry ) as China is able to.

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Puritanism : the haunting fear that someone, somewhere, may be happy - H.L Mencken