'The general perspective -- certainly on Capitol Hill and Congress -- the love for India, the positive feeling for India still focuses on India as a democracy.' 'The more that Indian democracy and its pluralistic features is called into question by Indians, the more that same debate will replay back here.'
In the near term, the key driver will still be the government's fiscal spending.
The former finance minister also criticised Prime Minister Narendra Modi over the words he chose to attack his predecessor Manmohan Singh, saying he should remember that the Chair he sat on was used by Pandit Jawaharlal Nehru and even Atal Bihari Vajpayee and hence he should use right language.
'The origins of the model of planned economic development adopted by independent India was a direct consequence of the war.' 'The war provided an opportunity for groups at the margins of Indian society to find new avenues for mobility.' 'The war also led to the emergence of India as a major Asian power and set the stage for it to play a wider role in international politics.'
Indian economy about to take-off
