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China is very important. The future growth of China, China's influence is bound to rise.

Manmohan Singh

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Manmohan Singh
Age: 92
Born: 1932
Born: September 26
Banker
Civil Servant
Economist
Politician
Prime Minister Of India
Bounds
Rise
China
Growth
Influence
Future
Important
Bound

More quotes by Manmohan Singh

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I think the modernization of Chinese economy and Chinese society is a prime concern.
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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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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 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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In a country where employment opportunities are not growing fast enough, the fear of change tends to be very acute.
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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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[Urbanization] is the inevitable outcome of the processes of growth and the processes of modernization.
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I think the proof of the pudding is in the eating.
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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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I think whatever I've done, I hope I've earned a footnote in India's long and tortuous history.
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If you don't have a functioning financial system the world economy won't be revived. All the major economies have their responsibility to assist at a pace which is required to clean up the balance sheet of the banking system and to ensure that credit flows are resumed.
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Economic policy and decision making do not function in a political vacuum.
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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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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.
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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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The Chinese economy is growing at the rate of 9 percent the Indian economy growing at the rate of 8 percent - enormous I think opportunities for two-way flow of trade, technology and investment.
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We need multiculturalism, respect for diversity, tolerance, respect for diverse faiths.
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I am convinced the entrepreneurial spirit of the Indian people, if allowed to express itself freely in the marketplace, India will be all right.
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I am not very good at statistics. I am also a poor thinker.
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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.
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