India’s economy is continuing to grow, but faces rising inflation, fiscal and current-account deficits, a slowdown in agricultural growth, and infrastructure bottlenecks. China’s problems arise mainly from widening income disparities, which are inciting hitherto unheard of levels of labor unrest – though this should not be viewed as a precursor to change of the sort that marked the rise of the Solidarity trade union and the end of communism in Poland.