Growth figures are really good, but you see some differences. India has a much more vibrant business sector if you look at the size of the stock markets locally. Indonesia as well as trying to use both sticks and carrots. It is banning exports of its raw materials that are forcing foreign firms to invest in refining and manufacturing within the country.
There are similarities between the two economies set to be the fastest-growing this year—but their paths to greater prosperity will not look like those that came before. One of Australia’s most important river systems is in trouble, and a logjam of millions of dead fish is just one sign. And what to do with the abandoned luxury yachts of Russia’s super-rich.
For full access to print, digital and audio editions of The Economist, try a free 30-day digital subscription by going to www.economist.com/intelligenceoffer