Ferguson: India's open society and institutions give economic edge over China

A famous historian named Niall Ferguson thinks India is becoming a strong economic player.

He says India's open society, where people can vote and the press is free, gives it an advantage over China.

China is good at making things, but its population is getting older, which is a problem.

India has a young population and is growing steadily.

Ferguson also said India's leader has done a good job fixing old problems to help the economy.

But, India needs to make sure everyone gets a good basic education, not just the top students.

He also advised India to learn from countries like South Korea and stay friends with the United States as the world changes.