By Dominique Turcq, published by McKinsey Quarterly, May 1995
« For many corporations, India and China are two sides of the same coin. This is understandable. After all, India’s economic potential and the challenges it faces do look very much like those of China. And just as there was a fashion for China among multinational corporations, so India looks set to be the next flavor of the month.
But there the resemblance ends. Such is the weight of their economic histories that each country goes its own way when it comes to the practical matters of government policy and business opportunities. »