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Comparisons to China are plentiful when considering the Indian economy and its growth potential. While we share a lot of optimism about India, it faces challenges that demand a more circumspect approach. We have been students of India for the past two decades, and recently had the great privilege of inviting Professor Vijay Joshi, an Emeritus fellow at Oxford University, and the author of India's Long Road - The Search for Prosperity to address the Emerging Markets Team. The thoughts below are inspired in part by