"In 2001-02, the consumption was the principal driver of growth. Unlike China we have never prevented consumption by people. After 2002-03, it is investment led growth. And in 2006-07, investment has overtaken consumptions. India's investment-to-GDP ratio has touched 35.3 per cent while saving is at 33.8 per cent. All these measures are going to help the growth story," he said.

To hear his full speech, click on the video alongside and on the video in the next slide.

Incredible India@60, a Confederation of Indian Industry-sponsored event that was held in New York from September 23 to September 26, included include cultural events, fashion shows and celebrity evenings.

In addition to screenings and cultural events, a delegation of senior Indian government and business leaders were in New York to participate in public programmes and meetings aimed at forging and strengthening business alliances.

Asia Society teamed up with CII to present a daylong business conference titled India @ 60: A New Age for Business on September 25.

The all-star list of speakers included Finance Minister P Chidambaram; Planning Commission Deputy Chairman Montek Singh Ahluwalia; Commerce and Industry Minister Kamal Nath; John Chambers, chairman and CEO, Cisco Systems; Tarun Das, chief mentor, CII; K V Kamath, managing director & CEO, ICICI Bank Ltd; Ramalingam Raju, chairman, Satyam Computers Ltd and Phiroz Adi Vandrevala, executive vice president, Tata Consultancy Services.

The objective of the day long exercise is to present a comprehensive picture of India's fast-changing economic landscape.

For more information, log on to:
www.indiaat60.in
www.asiasociety.org

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