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That is a problem for the future. For now, India’s problems are painfully visible. The roads are atrocious. Public transport is a disgrace. Many of the country’s dynamic entrepreneurs waste hours each day stuck in traffic. Their firms are hobbled by the costs of building their own infrastructure: backup generators, water-treatment plants and fleets of buses to ferry staff to work. And India’s demographic dividend will not count for much if those new workers are unemployable. India’s literacy rate is rising, thanks in part to a surge in cheap private schools for the poor, but it is still far behind China’s.

Advantage India
The Indian government recognises the need to tackle the infrastructure crisis, and is getting better at persuading private firms to stump up the capital. But the process is slow and infected with corruption. It is hard to measure these things, but many observers think China has done a better job than India of curbing corruption, with its usual brutal methods, such as shooting people.
Given the choice between doing business in China or India, most foreign investors would probably pick China. The market is bigger, the government easier to deal with, and if your supply chain for manufactured goods does not pass through China your shareholders will demand to know why. But as the global economy becomes more knowledge-intensive, India’s advantage will grow. That is something to ponder while stuck in the Delhi traffic.

A. 어휘
atrocious 지독한, 흉악한. disgrace 불명예, 恥辱(치욕).
stick-stuck-stuck 접착하다. hobble 절름거리다, 방해하다.
infrastructure 경제의 기반시설, 하부구조.
backup generators 落後(낙후)된 발전기. plants 공장.
fleets 차량대열, 船團(선단). ferry staff 직원을 실어 나르다.
demographic dividend 인구가 많다는 장점. literacy rate 문자해득률.
surge 증가, 큰 파도. tackle 대결하다. stump up 지불하다.
infected 감염되다. measure 측정하다. brutal 잔인한.
manufactured goods 제품. knowledge-intensive 지식집약적인.
ponder 熟考(숙고)하다.