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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.

Manmohan Singh

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Manmohan Singh
Age: 92
Born: 1932
Born: September 26
Banker
Civil Servant
Economist
Politician
Prime Minister Of India
Economy
Opportunities
Growing
Investment
Opportunity
Enormous
Two
Rate
Way
Flow
Think
Trade
Thinking
Percent
Indian
Technology
Chinese

More quotes by Manmohan Singh

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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 emergence of India as a major global power is an idea whose time has come.
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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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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 am not very good at statistics. I am also a poor thinker.
Manmohan Singh
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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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Unity and secularism will be the motto of the government. We can't afford divisive polity in India.
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Economic policy and decision making do not function in a political vacuum.
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No power on earth can stop an idea whose time has come.
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The Indian economy grew at 5.5 percent, but if you look at the last 30 years - for example, 1960 to 1985 - the progress made by East Asian countries was phenomenal. In a single generation they had been able to transform the character of their economy. They were able to get rid of chronic poverty.
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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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We need multiculturalism, respect for diversity, tolerance, respect for diverse faiths.
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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 first and foremost priority is to finish the unfinished task which the founding fathers of India set out for us at the time of our independence: to get rid of chronic poverty, ignorance, and disease, which have afflicted millions and millions of our people.
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The emergence of India as a major global power is an idea whose time has come. This is a legitimate ambition for China. This is a legitimate ambition for India. And the challenge for the humanity is to evolve a world system in which the legitimate ambitions of both our countries can find constructive expression without threatening anybody else.
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India's saving rate will go up. India's investment rate will go up. And I believe that's a plus point.
Manmohan Singh
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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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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.
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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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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