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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
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Manmohan Singh
Age: 92
Born: 1932
Born: September 26
Banker
Civil Servant
Economist
Politician
Prime Minister Of India
Sector
Public
Mixed
Much
Driven
Always
Market
Think
Western
Thinking
India
Standards
Economy
More quotes by Manmohan Singh
Economic policy and decision making do not function in a political vacuum.
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Terrorists had the advantage of surprise.
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So outside agriculture, in manufacturing and services, we must create a lot more jobs. But that also means that we must ensure that our systems of general education and technical education are in line with the job requirements that a more modern manufacturing and a more modern services sector would require.
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No power on earth can stop an idea whose time has come.
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A politician before he can become a statesman has to remain in office long enough.
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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 don't see, I think, any problems between India and the United States.
Manmohan Singh
I sincerely hope that the difficulties that are there in Iraq and Iran can be resolved, that Iraq will see a new era of hope in which its people will enjoy a full sovereignty. And also the problems that there is with Iran can be resolved through dialogue through giving diplomacy a chance.
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Pakistan should be a moderate Islamic state. That it should be a prosperous country is in India's interests, and it is in the world's interests.
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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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China is very important. The future growth of China, China's influence is bound to rise.
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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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We need multiculturalism, respect for diversity, tolerance, respect for diverse faiths.
Manmohan Singh
My top most priority is to deal with India's massive social and economic problems, so that chronic poverty, ignorance and disease can be conquered in a reasonably short period of time.
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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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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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I have to create in India a macroeconomic environment where the employment in aggregate can go up at a handsome rate. Once that happens, people losing jobs in one sector will not mean that they will become perpetually unemployed. From one sector, they can move on to other sectors.
Manmohan Singh
Jawaharlal Nehru wanted India to develop close ties with China and learn from its experience.
Manmohan Singh
The emergence of India as a major global power is an idea whose time has come.
Manmohan Singh
The Chinese have certain advantages. The fact that it's a single party government. But I do believe in the long run the fact that India is a functioning democracy committed to the rule of law. Our system is slow to move but I'm confident that once decisions are taken they are going to be far more durable.
Manmohan Singh
