
China may be attracting more foreign investment, but it is India which has the capability to sustain global economic interests in the long run due to its being a democratic country which has a "knowledge-based society", says Portuguese president Anibal Cavaco Silva.
Silva, who is an economist, feels that India's economic growth rate is something which a European country cannot ignore. And he wants his country to forge greater economic ties with India, which he will pursue during his official visit to India beginning January 10.
During his interaction with a select group of Indian journalists here, Silva counted India as an "economic force". But why does he prefer India over China which has a bigger market and cheap labour?
See full Article.