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Guest: Marshall M. Bouton, President, The Chicago Council on Global Affairs After four decades of near stagnation, India has emerged only twenty years ago as a newly dynamic economy and rising power in Asia. But just as quickly it seems, India's growth has recently slumped badly, its politics have been laced with scandal, its society has been roiled by urban disorder and rural unrest, and its public institutions have been found sorely wanting. So which India does the future hold? Will it return to the path of economic growth, extend its extraordinary democratic achievements to empower all its people, and bring stability and balance to Asia's renaissance? Or will it falter, its democratic institutions unable to cope with the complex demands of growth and equity, its society divided between haves and have-nots, its massive cities increasingly marred by violence, and its very unity and stability a challenge for itself, for Asia, and for the world?