A lot of the state-sponsored growth in India was just too fast. You went from cradle to Nirvana in a short period of time.
Sentiment: NEGATIVE
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.
India profoundly changed my outlook on life because you see how people can be content and very happy with little or even no possessions. It's the reverse of the West.
India's growth drivers are actually two growth drivers. One is consumption, which arises out of our demographic advantage. And the other is the investments. Because we need a lot of investment in the country.
Great growth in India doesn't mean great growth for India companies. It could mean better growth for companies that are trading with India.
India is now changing and regaining its lustre, and it is coming of age.
Much of the conventional analysis of India's stature in the world relies on the all-too-familiar economic assumptions. But we are famously a land of paradoxes, and one of those paradoxes is that so many speak about India as a great power of the 21st century when we are not yet able to feed, educate and employ all our people.
I have been particularly struck with the overwhelming evidence which is given as to the fitness of the natives of India for high offices and employments.
I have a high degree of confidence about India's growth potential in IT.
Fortunately for India, it has got a growing economy. If it is doing the right things with taxation and focusing on the right areas for human development, it is going to have no problem, over a period of time, taking care of its own needs.
India somehow constantly rivets and inspires me, and I feel very relieved to have come from this country which has a very 'lifeist' approach to living fully, no matter what one has or doesn't have.