Forecasts this week by the World Bank revived a prediction often made down the years: that growth in one of the Asian emerging market behemoths, India, would outdo that in the other, China. If this comes to pass, the correct reaction would be: about time too. And while in the medium term it would mainly reflect their relative positions in the economic cycle, sustaining it over a longer period will require Narendra Modi’s government in Delhi to play as good a liberalisation game as it talks.
世界銀行(World Bank)最近發表預測，作爲亞洲新興市場大國之一的印度，經濟成長率將超越另一新興市場大國——中國。這是個老掉牙的預測，如果此次得以應驗，那麼正確的反應大概是：也該到時候了。在中期內，印度成長率超過中國可能主要反映出兩國在經濟週期中的相對位置，但假如印度想在長期內維持這一地位，就需要納倫德拉•莫迪(Narendra Modi)領導下的印度政府在自由化改革中做得跟說得一樣好了。
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