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India is among the 140 countries who have signed the UN Convention against Corruption.
The German Foreign Minister said emerging markets should get their own houses in order.
Telangana is the 29th Indian state and will have a population of around 35 million.
India, China and Myanmar are also establishing an economic corridor, host to 40% of world population.
The newest Indian state will be carved out of the southern Indian state of Andhra Pradesh.
India's fiscal deficit would be contained at 4.6 per cent of GDP said the finance minister.
India has 150 manufacturing sites approved by the USFDA, the highest in any foreign country.
India has provided $2 billion in aid to Afghanistan since 2002.
The aid body has slammed the US and its pharma lobby for exerting pressure on India.
