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PDFNever mind the Beijing consensus, India’s experience is more instructive for the developing world, writes Nirvikar Singh.
The inherent fragilities and tensions of the China model are not the only reasons why the sub-continent’s alternative model is likely to prove more robust and enduring:
India’s combination of pluralistic democracy and decentralized production may be a model that is ultimately more attractive to other developing countries…… India has its own problems of inequality, conflict and poorly functioning institutions. But its democracy seems to have developed some self-correcting mechanisms for these problems, and dynamism and innovation may have taken hold in its private sector, in a manner that will sustain change.
