Majestic progress: India's economy has come on in leaps and bounds overthe past 10 years, but companies on the subcontinent will have to move ever more quickly to keep up with the pace of change. Reet Chaudhuri, Manish Mohnot andNarayan Seshadri investigate the 'Red Queen effect'

'Well, in our county,' said Alice, still panting a little, 'you'd generally get to somewhere else if you ran very fast for a long time, as we've been doing.' 'A [...]