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Global Investing, BRIC by BRIC: Part II [View article]
1. The Congress is not supported by the Communists. They parted company a few weeks ago over the nuclear issue. Congress won the no-confidence motion earlier this month with support from the Samajwadi Party.
2. Some reforms in India, stalled over the past 4 years, have already started after the Communists parted company with the Congress.
3. Inflation is not 8% - it is around 11 - 12%.
China:
You are correct in pointing out that the economic numbers put out by the authorities are suspect. But, in fact, the numbers may be better than the authorities publish to avoid more pressure to revalue the Yuan - see the Economist for more details.