India is a functioning democracy despite its extreme poverty, India has stayed the course.

I have always believed that the ultimate purpose of economic policies and development policy is to meet the basic needs of our people. And for that, we need a fast-expanding economy.

I believe whether it is the United States or Europe, they will all end up as multicultural societies.

Economic policy and decision making do not function in a political vacuum.

I do believe that India is a unique case. And you need I think exceptional skills I think to incorporate Indian into the world nuclear order.

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.

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.