As a former British colony, a significant portion of the population can speak fluent English which is the language used in trade and financial sectors in India. With the passing of the Information Technology Bill in 2005, it helped to boost e-commerce and internet-based business in the country. During the IT bubble, many technology companies planned to set up offices in India. After the burst of the bubble, though the companies retreated, the hardware being built stays, like the optic fiber system. India's intellectual capital, a technically trained workforce fluent in English is of more than four million strong. An up to 12 hour time difference ensures round-the-clock productivity for North American and European countries to outsource their software requirements. India's relative independent judicial system and the government's attempt to cut down red tape would offer protection and incentive to investors. China should not be blinded by its own complacency.
