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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.
Manmohan Singh
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Manmohan Singh
Age: 92
Born: 1932
Born: September 26
Banker
Civil Servant
Economist
Politician
Prime Minister Of India
Products
Imports
Development
Abroad
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Prices
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Oil
Uncertainty
India
Imported
More quotes by Manmohan Singh
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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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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I don't see, I think, any problems between India and the United States.
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Jawaharlal Nehru wanted India to develop close ties with China and learn from its experience.
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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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Economic policy and decision making do not function in a political vacuum.
Manmohan Singh
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.
Manmohan Singh
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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The first and foremost priority is to finish the unfinished task which the founding fathers of India set out for us at the time of our independence: to get rid of chronic poverty, ignorance, and disease, which have afflicted millions and millions of our people.
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No power on earth can stop an idea whose time has come.
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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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The United States and India can work together.
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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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We should put more money in health. We should put more money in devising credible social safety nets for the poor.
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With the revolution in information technology, with the revolution in transport technologies, I think just geography has lost its all significance.
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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.
Manmohan Singh
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.
Manmohan Singh
I think the proof of the pudding is in the eating.
Manmohan Singh
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.
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.
Manmohan Singh
