Lot to learn from India's ability to overcome global crisis

Acknowledging India's ability to successfully emerge out from the global economic downturn, global business

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leaders today said developed economies can learn a lot from the emerging markets to solve their own issues.

"I think the world has come to recognise the potential of India, it's ability to innovate, it's exceptional talent its growing market and its growing role in the global stage," Accenture Chairman and Chief Executive Officer William Green said at the India Economic Summit here.

Stating that the world was standing at a defining moment, he said that the developed economies are looking to learn from the emerging markets.

"We are trying to understand and learn as to how the world should evolve learn from the emerging markets of the world and take some of those learnings to tackle some of the challenges in the developed markets of world," Green said.

Expressing similar sentiments, Renault Chairman and Chief Executive Officer Carlos Ghosn said there was a lot to learn from India's ability to successfully overcome the global downturn.

"(We are here) to understand what are the reasons why India has done so well in this global meltdown. I am very impressed by the growth rate. For example, the car industry has done very well because of some of the measures taken up. What is the balance between the government initiative and private initiatives," he said.