If certain facilities, local facilities have to be arranged, the local authorities have to come. And that makes the Indian system slow moving, Indian administrative system slow moving.

If you don't have a functioning financial system the world economy won't be revived. All the major economies have their responsibility to assist at a pace which is required to clean up the balance sheet of the banking system and to ensure that credit flows are resumed.

I think the Chinese do have visions of being a great power. And I think it's legitimate. And I don't see that that's a danger to us.

The Indian economy grew at 5.5 percent, but if you look at the last 30 years - for example, 1960 to 1985 - the progress made by East Asian countries was phenomenal. In a single generation they had been able to transform the character of their economy. They were able to get rid of chronic poverty.

70 percent of India's imports of oil and oil products are imported from abroad. There is uncertainty about supply. There is uncertainty about prices. And that hurts India's development.

I think there are enormous possibilities. And today there are no I think barriers to increased cooperation with India and the United States.

Working together in helping nascent democracies in the task of reconstruction, in the task of development is another area where our two countries [India and the USA] can work together.