GE CEO Jeff Immelt about India and globalization

In the recently held panIIT-conference at silicon valley, Jeff Immelt has talked about India and globalization. Click here for details.
I particularly appreciate following statements.
"India’s global success will be judged on how well it can “leave the country and become great global companies in the next ten years."
“In the end we need to earn the right to globalize.”
“There are four categories that might change the world: Solving a problem, redeployment to where profits get made, allowing people to achieve lower cost and allowing people to create new business models.”
“If I had one dollar to spend today, I would invest in solving the biggest problem today–the economics of scarcity.”
Solid speech!!!