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

There are partnerships based on principle. There are partnerships based on pragmatism. And fortunately, when it comes to Indo-American relations, both concentrations find a new robust phase of relationship, a multi-fasted relationship which I believe exists in the interests of both our countries.

Capitalism historically has been a very dynamic force, and behind that force is technical progress, innovation, new ideas, new products, new technologies, and new methods of managing teams.

Those who create wealth should be shown the greatest respect.

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.

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.

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.