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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.
Manmohan Singh
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Manmohan Singh
Age: 92
Born: 1932
Born: September 26
Banker
Civil Servant
Economist
Politician
Prime Minister Of India
System
Doe
Country
Regulate
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Indian
Thinking
Chinese
China
Difference
Differences
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A politician before he can become a statesman has to remain in office long enough.
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[Urbanization] is the inevitable outcome of the processes of growth and the processes of modernization.
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The emergence of India as a major global power is an idea whose time has come.
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I do recognize that India has to be the center, the hub of activity as far as the knowledge economy is concerned.
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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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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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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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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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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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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.
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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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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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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 look upon India-U.S. nuclear cooperation as an act of historic reconciliation.
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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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Jawaharlal Nehru wanted India to develop close ties with China and learn from its experience.
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No power on earth can stop an idea whose time has come.
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