On Thursday, India reported a GDP growth of 7.6 percent for the September quarter which was higher than the RBI and Street estimates of 6.5 percent. Although not insulated from global headwinds, India, the world’s fastest growing major economy, has shown a high degree of resilience and is relatively better placed than most of its emerging market peers. “India has been one of the winners because it had a combination of healthy economic growth and inflation that"s not out of control," Aswath Damodaran, a widely respected professor and investor, who is popularly known as the dean of valuation, said in a wide-ranging conversation on Forbes India Pathbreakers in August. Importantly, nearly 66 percent of India’s population of over 1.4 billion people is below the age of 35 years, and this makes India one of the most attractive markets for global companies. However, Damodaran had a note of caution: “The danger for India is it shouldn"t overreach." In the last of a special five-part series from the interview, Damodaran, professor of finance, NYU Stern School of Business, shares his views on what India can learn from the unfolding economic chaos in China and how, for the first time in nearly twenty years, India as a democracy has an advantage over China. Edited excerpts: