In your eyes, What is the significance of Group Discussion?

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Well I think that Group Discussions are a perfect way to judge a host of skills, which cannot be evaluated, in any written test. Skills like leadership qualities and responsiveness to other peoples views and judgment, how people react and mould themselves into the GD are very important points to be evaluated in a future employee. The companies of today are fast moving, so changing and moreover adapting to the conditions is quite important. Pressure handling capabilities, public speaking qualities as well as modesty and humility and persuasive nature of a person are also put to test during a group discussion session, which all amount to the total evaluation of the candidate. What is your opinion about group discussion?