We are headed to “a world-turned-upside-down moment,” which could come as early as 2016. “That’s when,” Businessweek tells us, “India, always the laggard, may pull ahead of China and become the fastest-growing of Asia’s giants.”
Analysts used to ask, “Can India Catch Up with China?” Now, it looks almost inevitable.
There’s no mystery for the change in narrative. In a five-week-long election ending in May, 541 million voters went to the polls, and most of them demanded fundamental change. They rejected the ruling Congress Party of the Gandhi family, which had dominated national politics since independence in 1947, and gave a newcomer, the charismatic Narendra Modi of the Bharatiya Janata Party (BJP), an absolute majority in the Lok Sabha, the lower house of Parliament.