As the Indian economy adds strength to our region and the world, it will also benefit Mongolia.

The shipping sector is one of the major examples of the loss our nation had to bear. India was a global maritime power for a very long time. We were the biggest shipbuilding centre in the world... We used India-made ships just 50 years ago.

India is located at Asia's crossroads. And, we will assume our responsibility to build an inter-connected Asia. Asia of rivalries will hold us back. Asia of unity will shape the world.

World's keenness to engage with India has risen. In such times 'fear of unknown' can be an obstacle. Our diaspora can help overcome this.

Entire world today is keen to engage with India. And, our diaspora can play a major role in furthering the country's bond with the world. At the same time, it is also necessary for us to connect and strengthen our bond with the diaspora.

India is undergoing profound transformations. We are today the fastest growing economy in the world. We want the Indian economy to be driven by smart and sustainable cities, robust farm sector, vibrant manufacturing and dynamic service sector. And, its engines to run on world class network of rails, roads, airports and digital connectivity.