For good or for bad, India has rejected a more totalitarian approach to how it will deal with its social problems. We would starve but we would not give up our democracy and our love for our freedoms and to deal with these problems in an atmosphere of democracy and the rule of law without necessarily going, sort of resorting to civil disobedience or any kind of violent revolution.

I see basically two models of law firms in the world. One of the global law firm they go by the name of one-stop shops, which will open an office, everybody see and opportunity and will also practice the local law of that jurisdiction. That's a successful model as well but that's not the only model. And the other model is those of independent law firms, national champions which have some unique strengths as well and I think both have their strengths and weaknesses.

Our culture is making a big difference and, whether it's our curries or movies like "Slumdog Millionaire" or whether it's just the Bollywood numbers to which a lot of the world is rocking, I think India's soft power is going up. And we are contributing a lot of entrepreneurs to the world as well whether it's people like Lakshmi Mittal or Indra Nooyi or thinkers like Amalti Singh. This is all happening because of there's something fundamentally right and thoughtful about Indian society.

India is developing a lot of soft power, and it's not just about us providing outsourcing and call centers to the world. We are providing a lot of thought and a way of life. I think we're also respected for fundamentally a non-violent belief thanks to our religious roots whether it's Hinduism, Jainism, Buddhism, we contributed more religions to the world than any part of the world and that's something which does find its way into how the world looks at it.

For good or for bad, India has rejected a more totalitarian approach to how it will deal with its social problems. We would starve but we would not give up our democracy and our love for our freedoms and to deal with these problems in an atmosphere of democracy and the rule of law without necessarily going, sort of resorting to civil disobedience or any kind of violent revolution.

In India you would find people who belong to the 10 richest people in the entire world, and you would find people whose poverty levels are sub-Saharan in fact practically: people who would probably make less than a dollar a day or would only have enough for one meal. Now, to have these kinds of contrasts coexist, is something which boggles my mind. We have a country that is making great economic progress, a country that is making his presence felt all over the world, but at the same time, it is unable to deal with some of these fundamental contradictions in our economic evolution.

If one looks at the history of India after independence in 1947, for the first 30 to 40 years I think we were effectively given up as a basket case because we made various attempts through socialism to effectively alleviate poverty and keep growing but that model didn't work. So even when the pre-90s when we spoke to foreign corporation of foreign businessmen who wanted to do business with us, we were always a land of opportunity but an opportunity whose time have not yet come.