There is no shortage of dramatic news this week – what with a disappearing Chinese leader, a murdered ambassador in Benghazi, riots in Cairo and protests in Madrid and Moscow. But I wonder whether less obviously world-shaking events in India may end up having a greater historical significance.

Admittedly, I am biased since I’ve just spent the last week in Delhi. (In fact, I’m still here.) But the economic future of a country of 1.2bn people – about a sixth of mankind – will shape this century. And reforms announced this week by the much-abused government of Manmohan Singh, give some hope that India may be about to rediscover its mojo. Read more