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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
Economy
Public
Sector
Much
Mixed
Always
Driven
Think
Market
Thinking
Western
India
Standards

More quotes by Manmohan Singh

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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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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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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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70 percent of India's imports of oil and oil products are imported from abroad. There is uncertainty about supply. There is uncertainty about prices. And that hurts India's development.
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Ethical and responsible behavior needs to become the cornerstone of corporate behavior
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I think the proof of the pudding is in the eating.
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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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[Urbanization] is the inevitable outcome of the processes of growth and the processes of modernization.
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The emergence of India as a major global power is an idea whose time has come.
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Meaningful solutions to the problems of mass poverty that prevails in India I believe can only be found in the framework of an expanding economy.
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If certain facilities, local facilities have to be arranged, the local authorities have to come. And that makes the Indian system slow moving, Indian administrative system slow moving.
Manmohan Singh
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No power on earth can stop an idea whose time has come.
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When I became finance minister in 1991, I discovered that the wealth tax rates income - there was taxation on wealth. It was so atrocious and so high that actually nobody could accumulate money in an honest way. I removed that tax, and the result was that Indian companies for the first time acquired an incentive to grow big, to grow rich.
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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.
Manmohan Singh
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China's influence is bound to rise.
Manmohan Singh
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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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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.
Manmohan Singh
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I look upon India-U.S. nuclear cooperation as an act of historic reconciliation.
Manmohan Singh