As one of India's most famous and successful entrepreneurs Raghav Bahl is constantly bombarded with questions from people who are bewitched and bewildered by India.

Why, they ask, "are Indian business regulations so weak and confusing? Why is your foreign investment policy so restrictive? How come your hotels are world-class, when the roads leading to them are full of pot holes?" Oh, and here's a goodie, "How is it that you speak such good English?"

India is the largest English speaking country in the world by the way—some 350-million residents speak and understand English. Theirs is the largest democracy and their economy is booming: more than half of its GDP is consumed by its billion plus residents. India is witnessing unprecedented levels of economic expansion ... and yet, it is always - always - compared to that other economic powerhorse, China.

In his new book, SUPERPOWER? The Amazing Race Between China’s Hare and India’s Tortoise Bahl examines the difficulties that both outside corporations and homegrown companies have in doing business in both India and China.

He offers a twist on the classic tale asking, Who will get to the finish line first - China who is moving at warp speed or slower paced India?

There is no country that can match China when it comes to its massive investments made in infrastructure, health, education and rural technology. But Bahl says the race is far from over.

He cautions the victor might not be the one who is investing more and growing faster today - but rather the country that has superior innovative skills and is more entrepreneurial savvy.

In the end, it might come down to just one deciding factor: Can India fix its governance before China changes its politics?

Bahl is the founder, controlling shareholder and managing director of Network 18, India’s largest television news and business network, which broadcasts content from CNBC and other US-based networks addresses that question and more in this Guest Author Blog - click ahead to read it and check out the excerpt from SUPERPOWER? The Amazing Race Between China’s Hare and India’s Tortoise