Global governance cannot be limited to the crafting of instruments related to the promotion of democracy. A key component must be the creation of fair and equitable rules to enhance the development prospects of developing countries.

Today is indeed an historic occasion when as a first chair-in-office woman I hand over to another woman chair in office, your Prime Minister, Julia Gillard, in the presence of a woman head of the Commonwealth, Her Royal Highness, Her Majesty the Queen of England.

I am my own woman…and was, long before I became Prime Minister. Attending to my family’s needs only made me stronger as a leader because if you know how to run a home and ensure each person’s particular need is met, it’s the best leadership training you can have.

As a woman, my style defines my leadership. It's a gentler, more compassionate approach. I consult, I listen and I compromise where it's in the best interest of the citizens.

Women are outperforming men in almost every sphere of life in our society and the women of East Indian ancestry are no exception to this rule. They have broken the cultural mould.

Looking towards the future, one of the most important issues the national community must face is the widening gap between the liberated, modern, independent women and our traditional men who are being left behind.

Men don't want to be confused by the facts when their minds are already made up. Women know the art of negotiation - just ask the mother of a four-year-old who refuses to eat his veggies or the parent of a teenager.

We need to rekindle those values, those strengths as a nation and as a people... And we must do so as one people with one goal.

We have seven pillars of development. India has a cutting edge information technology industry. We are setting up a technology park. We would like to see technology penetration iin education. Besides, we would like to see cooperation in industries like fashion, filmmaking, ship-building, education, health and energy.