Mr Anand G Mahindra, Vice-Chairman and Managing Director, Mahindra and Mahindra, India and co-chair of the India Economic Summit 2007, said that he reposed faith in the 3D advantages of India, Democracy, Demography and Durability.
Democracy is a prerequisite to a healthy society, polity and economy. India's demographic advantage is that it has the highest number of people in the working age group and this is going to continue for some time.
Durability stems from the fact that India is a peaceful and stable nation despite many internal disturbances. He said that India has the second largest Muslim population in the world peacefully coexisting with the Hindu majority.
The challenge of Islamic fundamentalism is effectively dealt with in India. Mr. Mahindra was speaking at the session “The Shifting Power Equation: Implications for India” at the India Economic Summit 2007. The Confederation of Indian industry (CII) and World Economic Forum (WEF) are jointly hosting the Summit.
The new century has seen the context of international relations being shifted from geo-politics to geo-economics, said Mr Mukesh Ambani, Chairman and Managing Director, Reliance Industries, India.
He said that two advantages, which India has, are its developmental model and democratic political system. The developmental models can potentially eliminate poverty in India in the next ten years.
The democratic environment helped India to have a peaceful and stable economic environment. He emphasized that both the factors are interlinked and make India an attractive destination for business.
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