The first question there is why China has grown so much faster than India. Over the last 30 years, in terms of the GDP growth rates, China has grown at twice the rate of India. In the last five years, the two countries have begun to converge somewhat in economic growth. But over the last 30 years, China undoubtedly has done much better than India. One simple answer is China has Shanghai and India has Mumbai. Look at the skyline of Shanghai. This is the Pudong area. The picture on India is the Dharavi slum of Mumbai in India. The idea there behind these two pictures is that the Chinese government can act above rule of law. It can plan for the long-term benefits of the country and in the process, evict millions of people — that's just a small technical issue. Whereas in India, you cannot do that, because you have to listen to the public. You're being constrained by the public's opinion. Even Prime Minister Manmohan Singh agrees with that view. In an interview printed in the financial press of India, He said that he wants to make Mumbai another Shanghai. This is an Oxford-trained economist steeped in humanistic values, and yet he agrees with the high-pressure tactics of Shanghai.