One of the things India is going to have to address if it is going to become a true global power, is traffic law - and law enforcement in general. If the broken windows theories in Malcolm Gladwell's book Tipping Point are correct, then I would think it follows that the chaos of traffic will eventually slow the progress of the nation.
When I visited India in 2004 I witnessed the aftermath of several head-on collisions - one that happened on the road I was traveling, while I was taking a 15 minute break at a roadside area. It was horrific. We hired a driver while there to take us from Delhi to Rishikesh in the north of the country. It was truly one of the most harrowing experiences of my life - with what felt like a thousand close calls an hour. Awful. This video from YouTube is a microcosm of the complete and utter chaos of Indian streets, and as speeds increase you can only imagine how deadly it can get.