Quote

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

Change background

T
T
T

Change font

TAGS & TOPICS

Manmohan Singh
Age: 92
Born: 1932
Born: September 26
Banker
Civil Servant
Economist
Politician
Prime Minister Of India
Hurt
Supply
Hurts
Oil
Uncertainty
India
Imported
Products
Imports
Development
Abroad
Percent
Prices

More quotes by Manmohan Singh

Image
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
Image
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.
Manmohan Singh
Image
Unity and secularism will be the motto of the government. We can't afford divisive polity in India.
Manmohan Singh
Image
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
Image
I believe that without looking at each other as rivals or as competitors, in a democratic India, operating in the framework of an open economy, an open society has, I think, some significance for developing countries, not only in Asia but outside Asia.
Manmohan Singh
Image
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.
Manmohan Singh
Image
With the revolution in information technology, with the revolution in transport technologies, I think just geography has lost its all significance.
Manmohan Singh
Image
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
Image
Sachin Tendulkar is a guy you don't want to chat to period, because he will knuckle down- Brett Lee tells you why one must never sledge Sachin Tendulkar It is an amazing achievement to play for the country for over two decades and still continue to be the team's anchor. Sachin makes all of us so very proud
Manmohan Singh
Image
I think the modernization of Chinese economy and Chinese society is a prime concern.
Manmohan Singh
Image
Our vision is not just of economic growth, but also of a growth which would improve the life of the common man.
Manmohan Singh
Image
Life is never free of contradictions
Manmohan Singh
Image
No nation, no society, no community can hold its head high and claim to be part of the civilized world if it condones the practice of discriminating against one half of humanity represented by women.
Manmohan Singh
Image
China is very important. The future growth of China, China's influence is bound to rise.
Manmohan Singh
Image
I think the proof of the pudding is in the eating.
Manmohan Singh
Image
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
Image
I don't see, I think, any problems between India and the United States.
Manmohan Singh
Image
In a world in which technology is changing at such a fast pace, where demand conditions change very fast, we need to look at a more innovative mechanism to cut down on this rigmarole of many tiers of decision-making processes.
Manmohan Singh
Image
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.
Manmohan Singh
Image
I look upon India-U.S. nuclear cooperation as an act of historic reconciliation.
Manmohan Singh