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“India ahead of China”

Staff Reporter

Country becoming a powerful economy: Minister

— Photo: K. Ganesan.

PEP TALK: E.V.K.S. Elangovan, Union Minister of State for Textiles, addressing students in Madurai.

MADURAI: Sporting a credible market with human resources equipped with knowledge of English, the country is well ahead of China, according to Union Minister of State for Textiles, E.V.K.S. Elangovan.

Addressing the ‘Muthamizh Vizha’ organised by the Centre for Higher Research in Tamil of Yadava College here on Monday, he said that India was fast developing into a powerful economy, China being its competitor.

Earlier, a country’s prosperity was gauged by its gold reserve and later it was oil reserve which determined the economy of a nation. But sooner or later, human resource would play a vital role in the assessment of country’s prosperity, he said.

Tracing the nation’s achievement in 60 years of independence, he said that among the countries that had obtained freedom at the same period India was the only democracy to have achieved some success with a self sustaining and fast developing economy.

He also pointed to the country’s endurance during post-tsunami period as testimony to India’s economic development and added that the nation would become a force to reckon with in the world economy. A.R. Chandran, correspondent, presided. P. Rengan, Principal, spoke.

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