The following inequality appeared in the AMTI contest in India, which was held a couple of days ago.
If $x$ and $y$ are positive reals such that $x^{2014}+y^{2014}=1$ prove that
$\displaystyle \left(\sum_{k=1}^{1007} \frac{1 + x^{2k}}{1+x^{4k}}\right)\left(\sum_{k=1}^{1007} \frac{1 + y^{2k}}{1+y^{4k}}\right) < \frac1{(1-x)(1-y)}.$
I have tried grouping terms and have tried A.M-G.M inequality in various ways. Nothing I do seems to work. Would someone kindly post a solution?
Thanks!