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We look at the number of engineers coming out of India; we look at the growth of the economy, and it's clear that India is a place we want to be.

Indians have very good engineering capabilities, and that is why, if an industry focuses on innovation, you will have a far greater chance of success, rather than the model which is based on just being a production machine.

India is the most competitive manufacturing destination on this planet. If we are able to take advantage of that competitiveness for our domestic markets, this country would be humming with activity; industrial production will grow at 10-11% per year.

As a traditionally risk-averse nation, India has rarely been at the forefront of innovation. Indian companies have mostly imitated others and became very good at it.

It's a mistake to believe technology rests outside India. We compete very successfully.

There was a time when bright people had few prospects for higher education and good jobs here. But that is changing. India is no longer seen as an undesirable place to work or pursue research.

As the Indian government has embraced greater economic openness, the creativity and expertise of the Indian workforce has been unleashed onto the world economic stage.

To be sure, India has achieved enviable success in business services, like the glistening call centers in Bangalore and elsewhere. But in the global jousting for manufacturing jobs, India does not get its share.

India has lot of talent. What I am happy with is that the talent keeps on coming. Certainly it could be nice, though I am not terribly keen on seeing my successor yet.

I have always been bullish about India's potential. I still am, and I feel India is a country that really has an enormous amount of potential and has the human capital to succeed.