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China vs. India: Economy

Deutsche Bank Research says, with lots of pretty graphs (via Asiapundit):

1. China's GDP per capita is 2.2 times higher than that of India.

2. China's economy is more globalized.

3. India has better corporate governance and more "commercially driven" companies.

What this tells me is that China's reform policies have paid off handsomely, but that China's business culture has some strong hurdles. Conversely, India has fared less well due to slower reforms, but has a greater potential in the sense that there is more ingrained Western-style business culture.

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