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We are a coalition government, and that limits our options in some ways. Privatization happens to be one such area.
Manmohan Singh
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Manmohan Singh
Age: 92
Born: 1932
Born: September 26
Banker
Civil Servant
Economist
Politician
Prime Minister Of India
Limits
Ways
Happens
Privatization
Government
Coalition
Way
Coalitions
Options
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Areas
More quotes by Manmohan Singh
I am not very good at statistics. I am also a poor thinker.
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The emergence of India as a major global power is an idea whose time has come. This is a legitimate ambition for China. This is a legitimate ambition for India. And the challenge for the humanity is to evolve a world system in which the legitimate ambitions of both our countries can find constructive expression without threatening anybody else.
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I think whatever I've done, I hope I've earned a footnote in India's long and tortuous history.
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If you don't have a functioning financial system the world economy won't be revived. All the major economies have their responsibility to assist at a pace which is required to clean up the balance sheet of the banking system and to ensure that credit flows are resumed.
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No power on earth can stop an idea whose time has come.
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Terrorists had the advantage of surprise.
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I look upon India-U.S. nuclear cooperation as an act of historic reconciliation.
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The Chinese economy is growing at the rate of 9 percent the Indian economy growing at the rate of 8 percent - enormous I think opportunities for two-way flow of trade, technology and investment.
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I think the proof of the pudding is in the eating.
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I think the Chinese do have visions of being a great power. And I think it's legitimate. And I don't see that that's a danger to us.
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Economic policy and decision making do not function in a political vacuum.
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The Indian economy grew at 5.5 percent, but if you look at the last 30 years - for example, 1960 to 1985 - the progress made by East Asian countries was phenomenal. In a single generation they had been able to transform the character of their economy. They were able to get rid of chronic poverty.
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I do recognize that India has to be the center, the hub of activity as far as the knowledge economy is concerned.
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The death of distance. There is hardly any middle class family in India who doesn't have a son, a daughter, a son-in-law, a brother, a brother-in-law in the United States. That is a very powerful new bond.
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India's saving rate will go up. India's investment rate will go up. And I believe that's a plus point.
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If we have access to nuclear energy, that adds to our maneuverability in ensuring energy security as India marches on, on the path to accelerated development.
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The emergence of India as a major global power is an idea whose time has come.
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Our vision is not just of economic growth, but also of a growth which would improve the life of the common man.
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Protectionism is a very real danger. It is understandable that in times of a severe downturn protectionist pressures mount but the lessons of history are clear. If we give in to protectionist pressures, we will only send the world into a downward spiral.
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Capitalism historically has been a very dynamic force, and behind that force is technical progress, innovation, new ideas, new products, new technologies, and new methods of managing teams.
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