India's growth story is far from straightforward

Despite its recent GDP growth while the developed world succumbed to recession, India is not a straightforward growth story.

One in 14 Indian children dies before they reach the age of five. Only 51% of households have a water supply. Over 55% of households have no toilet facilities. If you live in rural India (as two thirds of Indians do) 74% of households have no toilet facilities and you are only 56% likely to have electricity. Rural Indians often lack basic household goods too. Only 33% own a table, just 44% a chair and 7% a fridge. India has huge healthcare, education and infrastructure obstacles to overcome before it can even pretend to be “catching up” with the developed world. On a GDP basis, India’...