Stable govt gives confidence of sustained growth: Maruti Chief Bhargava

India has proven the 'fallacy' of incompatibility of rapid economic growth and a democratic political system, and the continuity of government and policies give industry the confidence of sustained high growth, Maruti Suzuki India Chairman R C Bhargava said on Tuesday.

In his address to shareholders in the company's Annual General Meeting held virtually, he asserted that India's democratic processes will lead it to a sustained and more equitable society.

Bhargava also said the industry and the government can work with trust and confidence with each other to achieve the goal of India becoming a developed country by 2047.

"Over the years, I've heard people arguing that rapid economic development and a democratic political system are not really compatible. Our country has proved the fallacy of this line of thinking," he said.

Asserting his point, Bhargava said, "We are now the fastest growing economy in the world, and our prime minister is one of the most respected global ...