"The idea of Bharat flows from eternal wisdom of our rich traditions. Our core civilisational values, which are equally relevant today - speak of love for motherland, performance of duty, compassion for all, tolerance for pluralism, honesty in life, self restraint in conduct, responsibility in action and discipline," said Mukherjee speaking at an event here organised by an RSS body and IGNOU.
He added that India is a land of great tradition and discovery which can rise above apparent contradictions and thrive on a composite culture.
Constant churning and refinement has been the secret of continuity of "Bharatiya thought" through times of turbulence, he added.
He said "despite the diversity in which we live, we enjoy, we celebrate but don't ignore individuality when we were talking of great confluence coming from different parts of the world in various streams".
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Mukherjee said that in contrast to eye for eye and tooth for tooth approach, Indian civilisation gave humanity the message of 'Sarve Bhavantu Sukhinah' (May happiness be to all).
The President said India has made much economic progress since Independence.
He hoped that the ideas generated at the three-day conference would be useful for the country.
Human Resource Development Minister Prakash Javadekar and several top leaders of the RSS were present at the event.
He added that because of historical invasions, the society faced problems.