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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
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Flow
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Indian
Technology
Chinese
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More quotes by Manmohan Singh
Democracies don't go to war.
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No power on earth can stop an idea whose time has come.
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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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We are a mixed economy. We will remain a mixed economy. The public and private sector will continue to play a very important role. The private sector in our country has very ample scope and I am confident that India's entrepreneurs have the capacity, and the will to rise to the occasion.
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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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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 do believe that the future of civilization belongs to those who would lay emphasis on working together instead of talking about clash of civilizations.
Manmohan Singh
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
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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We should put more money in health. We should put more money in devising credible social safety nets for the poor.
Manmohan Singh
If the economy is growing fast, there is call for a distributing income from the rich to the poor to to put in place social safety nets.
Manmohan Singh
Life is never free of contradictions
Manmohan Singh
China is not I think a country which does not regulate, but there is a difference between the Chinese system and the Indian system.
Manmohan Singh
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.
Manmohan Singh
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.
Manmohan Singh
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.
Manmohan Singh
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.
Manmohan Singh
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.
Manmohan Singh
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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India happens to be a rich country inhabited by very poor people.
Manmohan Singh
