Look out, world: Here comes booming India

Dick Morris writes,

India, not China, is the coming giant of the 21st century. And India, unlike China, has no history of imperialism or inclination to global domination.

The key to China’s coming failure and India’s growing success is Bejing’s dependence on manufacturing exports for its wealth and New Delhi’s focus on its service sector.

India’s economy is firmly rooted in the service sector. Almost half of its GDP comes from services, spurred by almost $4 billion of investment by American companies. Because of its English fluency, India is in a position to tap into the growth of the U.S. and U.K. economies and to provide low-cost, high-quality services, particularly to the high-tech market.