Former European Commission President José Manuel Barro so participated at Republic Summit's panel discussion 'Globalisation: Where To Go From Here?' along with panelists Kotak Mahindra Bank's CEO Uday Kotak and Economist Manu Bhaskaran. Mr José lauded the work carried out by India, however, at the same time he also expressed that India has great potential to explore further.
"I worked in Public office so I usually say that my level of sincerity is increasing day by day. So, I am going to tell you very frankly that we admire the work done by India and I think there are clear improvements. I congratulate you for that. There is certainly a great development. But I will be sincere and say that there is still a huge potential".
"When we see the most successful countries in the world, there are three things in common - state efficiency, infrastructure, education. China has a long term strategy. Their capacity from delivery point of view is really high. Today, China is second partner of EU after U.S", Mr José further added.
Meanwhile, MD and CEO of Kotak Mahindra Bank, Uday Kotak said that:
"If India grows at 9% for 20 years, it will then reach where China is".
Economist Manu Bhaskaran further added to the discussion and pointed out that:
"India is the only country that can challenge the two superpowers - U.S. and China. The state has to intervene to help those who cannot be helped. If there's one thing that keeps tripping countries, it is financial mistakes. India must be much more ambitious, go for 9-10% growth."
Earlier in the day, Prime Minister Narendra Modi delivered the keynote address at the inaugural Republic TV Summit, speaking on the theme of Surging India. PM Modi then went onto highlight the growth of India in the past few years and underlined the importance of Surging India - the theme of the annual summit of Republic TV.
"Surging India - the two words - are the expression of 130 crore Indians. These are the feelings, vibrations which the world is witnessing. In the world society, India's growth is moving ahead in a very fast manner. India's image in front of the world is getting better with each passing day," he said.