India's ancient civilization seems to me to be ever-present there, at once a source of strength and a source of inertia. Old social rigidities like caste and color cast shadow over everything, and while clearly an entrepreneurial spirit has awoken in the sub-continent one wonders just what it would be like without the burdens of history. Maybe like Brazil. Brazil strikes me as new-world through and through. As a west-coaster who shudders at the thought of the east-coast structured society of his Boston Brahmin clan, I am drawn more to Brazil than any other country I have visited. Free, liberal society has perhaps contributed to the immense inequality, but also perhaps creates an entrepreneurial spirit here that will help drive its economy in the 21st Century.
I think an analogy can be made of the US and Europe in this regard, but these differences are starting to be eroded by the market-based reforms that have happened in Europe. Combine that with a higher education system that is quickly catching up to ours and, who knows, maybe European economic growth will hit high gear in the next few decades.
Of course, maybe I am just jet lagged.