The reason behind India's growth is spiritualism and the traditions of 'bhakti' and 'shakti'

Capitalism and communism have lost relevance: Advani

The Hindu Sunday, April 22, 2007

Pune, April. 22 (PTI): The two major ideologies of capitalism and communism, which were contending for supremacy in the 20th century and were founded on an understanding of human society divided into classes, have lost their relevance in an era of globalisation, senior BJP leader L K Advani said today...

The reason behind India's growth is spiritualism and the traditions of 'bhakti' and `shakti'. "Today, we live in the era of globalisation when the world has already become integral and increasingly interdependent," he said. "However, the era of economic domination of Western countries is well and truly over. When experts study the future of the global economy, they no longer give priority to the US or Europe. They give priority to China and India," the former deputy prime minister said.