LettersCan India attract Western capitalists – like China did?
Readers discuss India’s development trajectory, and ways to contain the fallout of the crisis engulfing Chinese real estate giant EvergrandeIndiaLettersPublished: 2:30pm, 20 Sep, 2023Why you can trust SCMP
Four or five decades ago, the West indeed had a choice to put its money into democratic India or so-called communist China. The decision then was actually not made by democrats but mainly by capitalists.
Money decided where to go – and money was looking for good conditions. Money was very obviously not looking for a multicultural, multireligious, multiethnic or even a caste-dominated environment.