Corruption is as big a problem in India as it is in China. Deregulation however means that the Indian media is much more open and competitive. This, while resul

Corruption is as big a problem in India as it is in China. Deregulation however means that the Indian media is much more open and competitive. This, while resulting in tabloid sensationalism, also means that government scandals are highlighted and often magnified which help keep them in check. As far as choosing a direction goes, anti-incumbency always triumphs because the disgruntled are always in sizable numbers. That, however, does not affect corporate policies much more that changing the governmental cogs that need to be greased. In a nutshell, this is India's formula for growth: A patchwork democracy that moves slowly and clumsily, and sustainable corruption that allows enough breathing space for far more nimble corporate entities. This reminds me of what is said of Italy: the economy grows at night while the government sleeps.