Globalization offers us enormous opportunities in the race to leapfrog in development processes. It also obliges us to set in motion processes which would minimize its risks.

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.

If you have a rigidly controlled economy, cut off from the rest of the world by infinite protection, nobody has any incentive to increase productivity and to bring new ideas.

India was a late comer to industrialization, and as such, we have contributed very little to the accumulation of greenhouse gas emissions that cause global warming. But we are determined to be part of the solution to the problem.

Our vision is not just of economic growth, but also of a growth which would improve the life of the common man.

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.

China is not I think a country which does not regulate, but there is a difference between the Chinese system and the Indian system.

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.

If we have access to nuclear energy, that adds to our maneuverability in ensuring energy security as India marches on, on the path to accelerated development.

There may be a difference of the pace at which India moves, but there should be no doubt whatsoever about the direction in which India is going to move in years to come.

Let me say that I think the economic history of the last 150 years clearly shows that if you want to industrialize a country in a short period, let us say 20 years, and you don't have a well-developed private sector, entrepreneurial class, then central planning is important.

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

The Chinese economy is growing at the rate of 9 percent; the Indian economy growing at the rate of 8 percent - enormous I think opportunities for two-way flow of trade, technology and investment.

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

I have always believed India is a country blessed by God with enormous entrepreneurial skills.

I am convinced the entrepreneurial spirit of the Indian people, if allowed to express itself freely in the marketplace, India will be all right.

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

The death of distance. There is hardly any middle class family in India who doesn't have a son, a daughter, a son-in-law, a brother, a brother-in-law in the United States. That is a very powerful new bond.

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.