Prime Minister Manmohan Singh inaugurated the Hindustan Times Leadership Summit in New Delhi on Friday. Excerpts from the text of the Prime Minister's address on the occasion: "...This year we will have an opportunity to hear the former President of the United States, George W Bush, who is a great friend of our country. We in India recognise the very important role he played in the fruition of the civil nuclear cooperation initiative. We are working now with our international partners to give a boost to our nuclear power programme. This will be an important contribution to our efforts to use cleaner fuels and thus combat climate change.
I mention this today because this day happens to be the birth anniversary of that great Indian scientist, visionary and nation-builder, Dr Homi Bhabha. In concluding the civil nuclear agreement we sought to realize Dr. Bhabha's dream of tapping the atom for the welfare of our people. It is only fitting that we pay tribute to Homi Bhabha's genius at this leadership Summit.
In reflecting on what I should say today I was recollecting in my mind what my key messages were to you over the past five years that I have been regularly attending the Summit. I believe I had placed before you three related thoughts.
First, that our challenges in nation building are primarily at home. And that these are best addressed by ensuring sustained and inclusive economic growth and development. We do face external and global challenges. The global slowdown is a reality, rise of terrorism is also a reality and we have to face these challenges. But I sincerely believe that they are nowhere as daunting as the ones we face at home. If we get our house in order, if we can liberate each and every citizen of this free nation from the tyranny of poverty, ignorance and disease, there is no external challenge that we cannot overcome.
Secondly, I have said here before that our composite culture is based on our rejection of the notion of an inevitable clash of civilizations. Our philosophy of "vasudhaiva kutumbakam" has encouraged us to accept pluralism as the natural order of all civilized existence. Freedom, democracy, pluralism and secularism go together. You cannot have one without the other.
My third submission to you has been that we seek to live in peace with our own neighbourhood and with the world at large. We have always been and wish to remain good neighbours and good global citizens. I do believe our destiny is intrinsically linked with that of all our neighbours. We seek good relations with each one of them. I have repeatedly said that we see our security and prosperity in their progress and stability. We sincerely wish to resolve all outstanding issues with our neighbours through dialogue and in the spirit of partnership and friendship that should rightly characterize our relations.
As responsible global citizens we wish to be partners of all nations in humanity's struggle for the preservation and protection of the environment and in giving meaning and substance to the notion of sustainable development. We will approach the international negotiations on global warming, climate change and carbon emissions as responsible global citizens. We will fulfill our obligations to nature and to humanity consistent with our commitment to the welfare and well-being of our people, and the poor of the world. Equally, we expect the developed nations, and those who have so far drawn unduly on nature's bounty to bear their due share of the burdens as well. Ours is not an unreasonable stance. It is based on our worldview that the "whole world is one family" and on our commitment to the principles of inclusive growth and development.
These three messages are relevant to the theme of this year's Summit as well. They will remain the three pillars on which the India of 2020 is built. 2020 is not far away. Our primary challenge in the next decade will be to sustain high rates of economic growth, to ensure that the growth process remains equitable, to invest in the education and health of every child and adult, to generate gainful employment, to build modern, efficient and environment-friendly infrastructure and to ensure that government and public services are efficient and responsive to our people's needs and function transparently. We should aim to sustain annual growth rates of 9 to 10% per annum. We have to increase investments in physical and social infrastructure, paying particular attention to the needs of our agriculture and the transformation of our rural economy. The fact that our savings rate is as high as 35% of our GDP suggests
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that what I am saying, is a realizable goal. The challenge for political leadership, at the national, at the state and local levels, will lie in ensuring the realization of this outcome.