We are a mixed economy. We will remain a mixed economy. The public and private sector will continue to play a very important role. The private sector in our country has very ample scope and I am confident that India's entrepreneurs have the capacity, and the will to rise to the occasion.

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.

There are partnerships based on principle. There are partnerships based on pragmatism. And fortunately, when it comes to Indo-American relations, both concentrations find a new robust phase of relationship, a multi-fasted relationship which I believe exists in the interests of both our countries.

There are diverse ways in which - right now, terror and all that goes with it is a prime concern. It's a concern of the United States. It's a concern of India. Joint strategies, cooperation, joint sharing of intelligence, in controlling terrorism, in making the world free from terror. I think that's the fundamental, I think, consideration if our development aspirations are to be fulfilled. And I think our two countries can cooperate.

The emergence of India as a major global power is an idea whose time has come. This is a legitimate ambition for China, this is a legitimate ambition for India. And the challenge for humanity is to evolve a system in which the legitimate ambitions of both our countries can find constructive expression without threatening anybody else.

If Pakistan honors in letter and in spirit the commitment that it gave to Mr. Vajpayee in 2004, that Pakistan territory will not be used for promoting terrorist acts against India, the sky is the limit of cooperation between our two countries. Basically, we are the same people. There are ties of religion. There are ties of language. There are ties of culture.

Pakistan should be a moderate Islamic state. That it should be a prosperous country is in India's interests, and it is in the world's interests.

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

I believe that without looking at each other as rivals or as competitors, in a democratic India, operating in the framework of an open economy, an open society has, I think, some significance for developing countries, not only in Asia but outside Asia.