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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
Percent
Prices
Hurt
Supply
Hurts
Oil
Uncertainty
India
Imported
Products
Imports
Development
Abroad

More quotes by Manmohan Singh

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India's future lies in being an open society, an open polity, a functioning democracy respecting all fundamental human freedoms, accepting the rule of law and, at the same time, to emerge as a successful, internationally competitive market economy.
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The United States and India can work together.
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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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Outsourcing, information technology revolution, the access to India's human resources, India's pool of scientists. It will help American companies to become leaner, meaner, more efficient, and they become more competitive, both in the United States and in dealing with the rest of the world.
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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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I do believe that the future of civilization belongs to those who would lay emphasis on working together instead of talking about clash of civilizations.
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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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China's influence is bound to rise.
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The emergence of India as a major global power is an idea whose time has come.
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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.
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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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Nobody should be allowed to tinker with democracy. We will not discontinue the good works of the past government.
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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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I think the modernization of Chinese economy and Chinese society is a prime concern.
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Ethical and responsible behavior needs to become the cornerstone of corporate behavior
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There are partnerships based on principle. There are partnerships based on pragmatism. And fortunately, when it comes to Indo-American relations, both concentrations find a new robust phase of relationship, a multi-fasted relationship which I believe exists in the interests of both our countries.
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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.
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[Urbanization] is the inevitable outcome of the processes of growth and the processes of modernization.
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Jawaharlal Nehru wanted India to develop close ties with China and learn from its experience.
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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.
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