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

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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
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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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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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Economic policy and decision making do not function in a political vacuum.
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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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I think whatever I've done, I hope I've earned a footnote in India's long and tortuous history.
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I look upon India-U.S. nuclear cooperation as an act of historic reconciliation.
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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.
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The emergence of India as a major global power is an idea whose time has come.
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As the largest and most developed democracies of Asia (India and Japan), we have a mutual stake in each other's progress and prosperity.
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The death of distance. There is hardly any middle class family in India who doesn't have a son, a daughter, a son-in-law, a brother, a brother-in-law in the United States. That is a very powerful new bond.
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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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In a country where employment opportunities are not growing fast enough, the fear of change tends to be very acute.
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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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We need multiculturalism, respect for diversity, tolerance, respect for diverse faiths.
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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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Unity and secularism will be the motto of the government. We can't afford divisive polity in India.
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China's influence is bound to rise.
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I believe a large part of humanity will draw appropriate lessons from what is the wave of the future in the 21st century.
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I don't see, I think, any problems between India and the United States.
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