Speaking at an awards function organised by the Gem and Jewellery Export Promotion Council here, Sibal said, without naming Modi, that "there is a deep connection between politics and the diamond industry.
"What does that tell you about politics? It tells you that it takes experience to produce a gem. You can't produce a gem overnight by slick talk. You can't produce a gem by saying I will change the world.
Pointing out democracy takes years and years to mature, he said "we are a young democracy and we expect that this democracy should be as mature as larger democracies in the Europe and the US. It is not possible.
"Every solution is not a one-size-fit-all because of the complexity. And that is why we should stop self-flagellating. We should look at the great stories of India", Sibal said.
"Ultimately, there will be one winner. It's competing that matters", he added.
