The Indian Way

Michael Backman

Chapter Chapter 27 in The Asian Insider, 2004, pp 217-225 from Palgrave Macmillan

Abstract: Abstract Everyone wants to invest in China. And almost no-one wants to invest in India. Both are big countries with billion-plus populations. Both are riddled with corruption. Both have terrible legal systems.So why the difference? India is a democracy. China isn’t. In China things happen because the government wants them to. In India people argue about what should happen and so often it doesn’t. China is driven by results while India has been obsessed by process. The mansion that housed the British viceroys in New Delhi became the residence of India’s president. The 400 acres soon had 10,000 staff and other hangers-on. This when the office of president is purely ceremonial.2 It says a lot.

Keywords: Foreign Investment; Family Firm; Real Interest Rate; Foreign Corrupt Practice; Bombay Stock Exchange (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-4840-3_27

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DOI: 10.1057/9781403948403_27

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