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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: 91
Born: 1932
Born: September 26
Banker
Civil Servant
Economist
Politician
Prime Minister Of India
Development
Abroad
Percent
Prices
Hurt
Supply
Hurts
Oil
Uncertainty
India
Imported
Products
Imports

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[Urbanization] is the inevitable outcome of the processes of growth and the processes of modernization.
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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 are a coalition government, and that limits our options in some ways. Privatization happens to be one such area.
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We have to walk on two legs. We have to create conditions in which manufacturing and services - the economy outside agriculture - move and move fast enough. And at the same time the working force that is available must have skills which will fit the kind of jobs which will be in demand.
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I don't see, I think, any problems between India and the United States.
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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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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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Jawaharlal Nehru wanted India to develop close ties with China and learn from its experience.
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Our vision is not just of economic growth, but also of a growth which would improve the life of the common man.
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The United States and India can work together.
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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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I think the modernization of Chinese economy and Chinese society is a prime concern.
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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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I look upon India-U.S. nuclear cooperation as an act of historic reconciliation.
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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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Unity and secularism will be the motto of the government. We can't afford divisive polity in India.
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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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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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The emergence of India as a major global power is an idea whose time has come.
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China is very important. The future growth of China, China's influence is bound to rise.
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