1. The document discusses the "flying geese" model of economic development in Asia whereby countries develop in a staggered formation led initially by Japan, then followed by South Korea, Taiwan, and later Indonesia, Malaysia, and Thailand as they transitioned to higher value manufacturing. 2. It notes that China has now surpassed Japan as the largest economy in Asia and discusses India's rapid economic growth which differs from the export-led models of other Asian countries by being driven more by domestic consumption and the services sector rather than manufacturing. 3. The document argues that with continued high growth, India has the potential to become one of the largest economies in the world on par with China, but that infrastructure bottlenecks currently constrain