India and China Trade Deficit

Well written article. But In India as on today's economic conditions, there is nothing concrete to export except perhaps diffidence in ease of doing business because of corruption and lack of Governance Standard. The economy is losing its edge over engineering, agricultural and IT because of lack of economic reforms and political stability. The country's ability to perform well has taken a back seat and and It is not clear as of now when the engine of growth will be put back on the track. Our talents and initiatives are being wasted in fighting scam, corruption and terrorism and the need to produce more in industrial and agricultural sector has been ignored or forgotten. It is a sad story and hope we will learn some good lessons from China.
Dr.T.V.Gopalakrishnan
( This comment in response to SA Iyer's article in TOI dated 2/6/13 on Trade Deficit with China Excellent )