Prime Minister Narendra Modi on Sunday said the foundation of democracy stands on the pedestal of freedom of mind, liberty of thought, liberty of action and liberty of speech.
The Prime Minister, who was addressing the Mongolian Parliament, is the first foreign leader to address the members on Sunday, a holiday.
"The path of righteousness is based on freedom of mind, liberty of thought, liberty of action and liberty of speech. These are the foundations of democracy. It is defined by recognition of inter-dependence, acceptance of diversity and belief in co-existence," said Prime Minister Modi at the State Great Khural.
"Its essence is the freedom of human beings, faith in dialogue, rule of law, and resolution of differences through peaceful means. So, if we follow the right path of the master, it will also be natural to walk on the path of democratic values," he added.
Prime Minister Modi also said it is a call for individuals and nations to assume the universal responsibility to mankind and the earth.
"It inspires us to think of common good of all nations. The teachings of Lord Buddha are reflected in the principles of democracy," he said.
The Prime Minister further referred to Mongolia as the new 'bright light' of democracy for the world, hailing the 60th anniversary of the diplomatic relations between New Delhi and Ulaanbaatar.
"Mongolia is the new bright light of democracy. Your country reminds us how beautiful this world is. It's an honour to address the Parliament of Mongolia; it's a special privilege to do so in 25th year of democracy in Mongolia. I'm deeply grateful for your generosity in hosting me on a Sunday, I'm humbled by warmth, welcome and wonderful hospitality," he said.
Earlier in the day, Prime Minister Modi dubbed his visit to Ulaanbaatar as a 'significant milestone' after India and Mongolia signed over 14 agreements to strengthen bilateral ties between the two countries.
The Prime Minister also visited the Gandantegchinlen monastery in the city, where he interacted with the Hamba Lama and gifted him a sapling of a Bodhi tree.
This was followed by a ceremonial welcome that was accorded to him at the Mongolian State Palace at the Chinggis Khaan Square, where he also signed the guestbook.
Prime Minister Modi, who arrived in Ulaanbaatar on Saturday night, is the first Indian prime minister to visit Mongolia.
