Senior fellow Arvind Subramanian was mentioned in a TIME article on India's future role as global economic power.
From the Article
If I have to endure another corporate executive blindly praising China and reflexively trashing India, I might actually gag. I'm often trapped in conversations with suits that follow the same, excruciating pattern. First, they swoon over China's stellar roadways and airports, the superior wisdom of Beijing's policy mandarins and the clinical efficiency of its authoritarian regime. Then they turn 180 degrees to rail against the feebleness of India's infrastructure, the ineptitude of New Delhi's bureaucrats and the convoluted course of Indian democratic politics. How, they ask, can India ever catch up?
When comparing India and China, most economists and business folk simply look at the wrong things. Beijing's bureaucrats may be better at building roads, but government dictates and human-rights abuses won't ensure the country's economic success. The past half-century of Asian economic history tells us that sustained development ultimately depends on entrepreneurship, a strong private sector, rule of law and political openness. India, not China, possesses these crucial building blocks of economic progress. And that is why India will overtake China as the world's premier emerging economy.
When I make this argument, I usually get bewildered stares — probably the same response you're having right now. Yes, I can see why many people believe India is stuck sucking fumes behind China's great industrial machine. The Indian economy hasn't been growing as quickly as China's, nor has its industry imprinted as deep a mark on the global economy. India has more than twice as many people trapped in desperate poverty, while its fractious democracy entangles policymaking in long-winded debates and ideological tussles unthinkable within China's autocratic government. Beijing and Shanghai are connected by high-speed trains; their thoroughfares are lined with modern office towers. In New Delhi and Mumbai, the dusty lanes remain lined with barefoot beggars and cluttered with soot-belching motorized rickshaws.