The executive director of the Nobel Foundation Lars Heikensten said, he expects increase in India's share of the global economy while commenting on the role of the country,ahead of the biennial Vibrant Gujarat Global Summit.

He said ,"Democratic countries like India, which also have a growing role in the world ,need to step up. I think the policies of India are important The world needs more of values that India has been building since the 40s".

He added ,"In my country Sweden,everyone is connected today. With more people being connected in India,you will see people shifting to digital transactions".

Heikensten has been governor of the Sweden Central Bank ,including that of director general and head of the economic affairs department.

He said that Sweden ,for instance,has become less equal over the years.The link between digitisation of the economy and inequality is not a  straightforward one. However ,he pointed out that this marks the way forward and said " we will see more and more countries moving towards digitisation as lot less cash is being used now than before".

He said that India was one of the countries buying notes from Sweden.

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