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.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
