Bhagwat said though India should become a "mahashakti" (world power), the country is already a "vishwaguru" (world teacher).
"Our country desperately needs technology and research to advance productivity in the fields of industry, trade and agriculture. But unfortunately, we are lagging behind too much in utilisation of technology and research in these fields," he said.
Bhagawat was speaking as the chief guest in an installation programme organised by the Maharashtra Chamber of Commerce, Industry & Agriculture (MACCIA).
He, however, underlined the need for the country to become a superpower.
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"While (we are) marching ahead, there is a friction between development and ecology, which is happening because we have failed to develop a mechanism," the Sangh head said.
He lauded Indian entrepreneurs for having a "knack" for charity.
"CSR (corporate social responsibility) is a new law in today's world. It was not earlier in our country. (Earlier) businessman or traders who had money would decide where to utilise that money. Construction of ponds and dharmshalas (shelters) was the result of their responsibility towards the society," Bhagwat said.
"In socialist countries, industries are not given due weight age and laws there are favourable to the working class, whereas in capitalist countries, laws favour industrialists and the working class does not have much scope. As far as our country is concerned, we would like to see balancing laws and a mutual cooperation between industrialists and the working class," Bhagwat said.
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