He was speaking at the two-day international conference on ‘Innovation for Competitive Advantage’, organised by PES Institute of Management in association with Indiana University of Pennsylvania, US.
 In his keynote address, mainly covering the contents of  his latest book ‘Chindia Rising’, he predicted that by 2050, the combined economies of emerging nations will exceed the Gross National Product (GDP) of all developed nations.
This phenomenal growth, he said, was driven by factors like the ageing of affluent countries, greater economic pragmatism displayed by governments, the fall of communism and equal access to global resources.
He analysed the Indian scenario stressing that the existing political system is not sustainable and a greater corporatised two party system of governance is the only way out.
Think differently
Ramanujam Sridhar, CEO, Brand.Comm, emphasised on the need to think differently in the way a company’s brand differentiates itself from the competitors and creates a mark in the minds of consumers.
Tutor Vista founder & CEO Ganesh opined that entrepreneurship and innovation go hand in hand were in one has see possibilities by starting something new in something that doesn’t exist. 
The discussion concluded with the panelists saying that India had immense potential to bring about innovation in products, processes and outlook.