If only people would stop talking about the Chinese economy slowing down.
Its $18 trillion PPP GDP is still growing by 7%, which is about $1260 billion.(If thats a sure sign of an economy slowing down......then I'm a banana...)
India needs to overcome psychological perceptions about FDI, service sector will solve everything...and consumption.
India can break from 8% growth to 10%....if only the government spends more on Industry and Infrastructure....clears more projects quickly, and makes it easier to do business inside India.
There is an enormous demand and space for development and 10% GDP growth given the backwardness and poverty of the country.
To sustain this growth, the Indian government would have to ensure that the benefits of the development benefits all....otherwise the elite, crony capitalist class will merely stash their loot in foreign banks or even inside India...whereas the poorer classes will obviously spend more (greater consumption).......a problem in China.