'Hundreds of millions have progressed from poverty to modest prosperity; a vast pool of educated and ambitious talent has been created, while a vibrant democracy and free press have become permanent fixtures,' he said.
Vince Cable, the influential business secretary in the David Cameron cabinet, has returned from his recent India visit flush with the impression that despite poverty, 'India is a success story'.
Cable wrote a lengthy account of the visit in today's Daily Mail titled 'The week that revived my love affair with India - and convinced me that Britain's future lies there'.
Cable, whose first wife Olympia was of Goa origin, wrote, "My fascination and affection for the country has been heightened by my admiration for the remarkable economic transformation that has taken place: a green agricultural revolution, an industrial revolution and an IT revolution all within half a century."
Hundreds of millions have progressed from poverty to modest prosperity; a vast pool of educated and ambitious talent has been created, while a vibrant democracy and free press have become permanent fixtures.
"I don't want to be too starry-eyed: vast rural areas and a sizable percentage of the population of more than one billion remain wretchedly poor; conflicts based on caste, religion and class are barely contained in parts of the country. But, overall, India is a success story."
Cable recalled going to witness his first Test match with his father at Leeds when Vijay Manjrekar scored a century.
His first visit to India was 45 years ago as a student on an overland trek, and the visit, he wrote, "left a deep and lasting impression".
He wrote, "There was grotesque poverty and visible hunger but great human warmth, infectious energy and a sense of security and solidity amid the apparent anarchy.
"I have returned many times as traveller, son-in-law, economic writer, business representative and parliamentarian".
Cable went on to admit that Britain had been slow to recognise the change sweeping India over the years.
Despite the ties of history, language, a shared political system and cricket, trade has slumped to abysmal levels.
"A generation of young Indians is growing up looking to the United States for inspiration and higher education.
"To the extent that modern India has registered, beyond the remote telephone voice from a call centre, it is because of the Indian presence in Britain rather than the British presence in India.
An Indian investor, Tata, now owns and runs what used to be British Steel and British Leyland. The Indian immigrant minority's educational and economic performance is way above the British average but, all too often, is portrayed as part of the immigration 'problem' (although, to be accurate, there has been abuse of the immigration rules by some Indian nationals), he wrote.
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