He explained as how competition is good for growth. “It also provides you multiple opportunities. It provides you the options. And I think the more we live in the competitive environment, the more our professional skills and more our competence gets upgraded”.
“The first is the strength of its economy, which also in terms of within the ability of human resource it has to contribute human resource in manufacturing. The second is its own security requirement. I don’t think if we look at the kind of human resource which we have there is no reason why we don’t become a force to reckon with. We are the country which is a home to 17 per cent of the global population. Having completed 7 decades after independence. We are now three years in the row we ahave achieved the fasted growing economy amongst the major economies”.
“Therefore, most global companies even outside the arena of defence now find it more economically viable to set up there R&D centres in India; training human minds are available in several parts of the country at a cost which competes with the best in the world. And if we have shown our ability in R&D in various areas and if we are becoming hub of various large global…..”
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