Narendra Modi addresses students at the Madras University in Chennai. He speaks on the 'India and the world' at the Nani Phalkivala Memorial Lecture.During the speech Modi praised Phalkivala.

He said, "It is a great privilege to deliver the 11th Nani Palkhivala memorial lecture. Nani Palkhivala was a gifted economist. To my mind, his biggest contribution was in upholding the Indian Constitution. Had it not been for people like him, the basic structure of the constitution would have been different," he said.  

"In a short time of two years, Nani Palkhivala was able to generate immense respect for India in the US. Whatever he did, he did it with distinction. I find his legacy more interesting than his life."

"We are lucky to be born in this country. It is said in the scriptures that India is a land where even the Gods want to take birth. Vasudheva Kutumbakam is our guiding principle for dealing with the world. The manner and message of India for the world is of peace and harmony," he added.

"Gandhiji gave importance to the moral dimension in the conduct of persons and nations. The policies during the British rule divided us internally as well as internationally. After independence, the first task should have been to collect all those threads and weave a harmonious neighbourhood. India can offer a lot and become the alchemist of the world," said Modi.