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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: 91
Born: 1932
Born: September 26
Banker
Civil Servant
Economist
Politician
Prime Minister Of India
Investment
Growing
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Flow
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Trade
Think
Percent
Indian
Thinking
Chinese
Technology
Opportunities
Economy
More quotes by Manmohan Singh
If we have access to nuclear energy, that adds to our maneuverability in ensuring energy security as India marches on, on the path to accelerated development.
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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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I am not very good at statistics. I am also a poor thinker.
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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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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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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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A politician before he can become a statesman has to remain in office long enough.
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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 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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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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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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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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India's saving rate will go up. India's investment rate will go up. And I believe that's a plus point.
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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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China is not I think a country which does not regulate, but there is a difference between the Chinese system and the Indian system.
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I think the modernization of Chinese economy and Chinese society is a prime concern.
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We need multiculturalism, respect for diversity, tolerance, respect for diverse faiths.
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I think the proof of the pudding is in the eating.
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We all know the epicentre of terrorism in the world today is Pakistan. The world community has to come to grips with this harsh reality.
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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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