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India happens to be a rich country inhabited by very poor people.

Manmohan Singh

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Manmohan Singh
Age: 91
Born: 1932
Born: September 26
Banker
Civil Servant
Economist
Politician
Prime Minister Of India
Powerful
Poor
Happens
Country
People
Inhabited
India
Rich

More quotes by Manmohan Singh

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I believe a large part of humanity will draw appropriate lessons from what is the wave of the future in the 21st century.
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If the economy is not expanding, the redistribution of income becomes a zero-sum game. And therefore, all the class struggle - and it becomes much more vicious.
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Life is never free of contradictions
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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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We are a coalition government, and that limits our options in some ways. Privatization happens to be one such area.
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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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Democracies don't go to war.
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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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I am not very good at statistics. I am also a poor thinker.
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A politician before he can become a statesman has to remain in office long enough.
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If the economy grows enough, fast enough, the tech system should be modernized so that the tax revenues rise fast enough also, and we should put more money in education.
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Let me say that I think the economic history of the last 150 years clearly shows that if you want to industrialize a country in a short period, let us say 20 years, and you don't have a well-developed private sector, entrepreneurial class, then central planning is important.
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In a country where employment opportunities are not growing fast enough, the fear of change tends to be very acute.
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We need multiculturalism, respect for diversity, tolerance, respect for diverse faiths.
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If the economy is growing fast, there is call for a distributing income from the rich to the poor to to put in place social safety nets.
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Jawaharlal Nehru wanted India to develop close ties with China and learn from its experience.
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I think the proof of the pudding is in the eating.
Manmohan Singh
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China is not I think a country which does not regulate, but there is a difference between the Chinese system and the Indian system.
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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.
Manmohan Singh
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Yes, I think India's economy always has been a mixed economy, and by Western standards we are much more of a market economy than a public sector-driven economy.
Manmohan Singh