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Kamal Nath at Nikkei Future of Asia Conference

May '07
The unbeatable combination of an ancient civilization embracing economic globalisation in a context that is open and democratic makes India one of the bulwarks for the Future of Asia, Shri Kamal Nath, Union Minister of Commerce & Industry, said while addressing the Nikkei “Future of Asia Conference 2007” in Tokyo, adding that, “in fact, at this conference discussing the Future of Asia, I can very confidently say that the future is Asia."

Emphasising the importance of inclusive growth, Shri Kamal Nath said: “A few years ago we sensed the dangers that rapid growth without “inclusive” development can pose to the social polity. We found that our growth process was not creating as many jobs as we needed and the industrial and services sector growth was very urban centric."

"For the last three years we have, therefore, been moulding policies which, while ensuring that growth continues unhindered and faster, make the benefits more evenly spread, and reach the common man – what we in India call the 'aam aadmi'.”

He said the attraction of India lay in three distinct aspects: First, India's current and potential economic growth making it very attractive to the world at large. Second, India's politico-legal complexion based on sound and time-tested tenets fully acceptable to the civil society around the world. And third, the inherent stability of India's democratic institutions, its multi-culturalism and its hugely successful diaspora.

Referring tothe Doha round Shri Kamal Nath said: “The virtual suspension of the Doha Round negotiations last July has brought into focus not only the substantive issues which are the subject of discord, but also the institutionalised power asymmetries which continue to pervade the WTO."

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