January 9, 2010 7:42 PM

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India should have burning ambition to overtake China & emerge as largest economy: Chidambaram

Home Minister P Chidambaram said, India should nourish a burning ambition to overtake China and emerge as the world's largest economy. Addressing the students at Alagappa University in his native Sivaganga District in Tamilnadu, he said, the country is poised to become the most populous by 2030. He said, recent history is replete with examples of countries at cross roads making the correct choices and forging ahead on the path of development. Mr Chidambaram said, India grabbed the chance in 2004 with both hands. <br/><br/>The Home Minister pointed out that India clocked an unprecedented GDP growth of 8.5 per cent between 2004-09 and achieved several feats including landing a spacecraft on moon. He said, the country has another chance today and the young persons should be determined to take India to great heights like China.<br/><br/>He said, China has accumulated the largest foreign reserves by any country and India should also have the ambition to produce more, to export more, to acquire more reserves and convert these reserves into precious assets and resources all over the world. Mr Chidambaram told the students to look for answers to these questions by looking inward.

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