The emergence of India as a major global power is an idea whose time has come. This is a legitimate ambition for China. This is a legitimate ambition for India. And the challenge for the humanity is to evolve a world system in which the legitimate ambitions of both our countries can find constructive expression without threatening anybody else.

I recognize the United States is a superpower. It has various interests. It has to balance various things.

I pray for that moment in which I think we can claim to the world that we are now in a different, new era of Indo-American relationship of trust, of working together, partnership strengthened both by our commitment to common values, and also the identity of interests.

India's saving rate will go up. India's investment rate will go up. And I believe that's a plus point.

The service of India means the service of those teeming millions steeped in poverty, ignorance and disease. To see that in my lifetime we can soften these harsh edges of extreme poverty and unleash a new economic and social revolution which will bring out the latent creativity and entrepreneurial spirit of our people, I think that's what I feel, I think.

The Chinese have certain advantages. The fact that it's a single party government. But I do believe in the long run the fact that India is a functioning democracy committed to the rule of law. Our system is slow to move but I'm confident that once decisions are taken they are going to be far more durable.

Because the Chinese insistence on one child, I think the proportion of older, non-working age population is going to rise sharply in China.