Researchers, educationists and religious scholars from within India and abroad took part in an international conference on Vaishnavism, a major tradition within Hinduism.
They said the ancient tradition, in which Lord Vishnu or one of his incarnations (usually Krishna or Ram), is worshipped as the supreme God, continues to be relevant in the 21st century.
"India in general, and Maharashtra in particular, has been a land of saints and philosophers. It is here that many religions have flourished and so has Vaishnavism and studies related to it," said Sanjay Deshmukh, Vice-Chancellor of the University of Mumbai.
"Accepting the will of God is Vaishnavism. Ethos and practices of Vaishnavism have had a deep influence on all spheres of India's tradition and culture with 642 million people following it.
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"This is evident from festivals such as Diwali, Holi and Onam as well as various dance forms such as Kuchipudi, Odissi and Manipuri," said Gauranga Das, Chairman of Govardhan Eco Village at Wada near here.
The village has been founded by Radhanath Swami Maharaj of the International Society for Krishna Consciousness (ISKCON).
The three big problems confronting the world today are violence, terrorism and environmental degradation. These issues can be easily tackled through Vaishnavism which teaches people to establish a direct relationship with the supreme God, Das said.
Ferdinando Sardella, Associate Professor at Stockholm University, said, "Vaishnavism is being followed by nearly 70 per cent of Hindus in India. Over a period of years, Vaishnavism has developed further rather than decaying from a pure ancient state."
The conference concluded with a panel discussion on "How to develop Vaishnavism in India".