Quote

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.

Manmohan Singh

Change background

T
T
T

Change font

TAGS & TOPICS

Manmohan Singh
Age: 92
Born: 1932
Born: September 26
Banker
Civil Servant
Economist
Politician
Prime Minister Of India
Economy
Expanding
Class
Vicious
Games
Zero
Much
Income
Therefore
Becomes
Game
Struggle
Redistribution

More quotes by Manmohan Singh

Image
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
Image
My top most priority is to deal with India's massive social and economic problems, so that chronic poverty, ignorance and disease can be conquered in a reasonably short period of time.
Manmohan Singh
Image
With the revolution in information technology, with the revolution in transport technologies, I think just geography has lost its all significance.
Manmohan Singh
Image
I do recognize that India has to be the center, the hub of activity as far as the knowledge economy is concerned.
Manmohan Singh
Image
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.
Manmohan Singh
Image
I think whatever I've done, I hope I've earned a footnote in India's long and tortuous history.
Manmohan Singh
Image
Jawaharlal Nehru wanted India to develop close ties with China and learn from its experience.
Manmohan Singh
Image
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
Image
I look upon India-U.S. nuclear cooperation as an act of historic reconciliation.
Manmohan Singh
Image
Our vision is not just of economic growth, but also of a growth which would improve the life of the common man.
Manmohan Singh
Image
Unity and secularism will be the motto of the government. We can't afford divisive polity in India.
Manmohan Singh
Image
We should put more money in health. We should put more money in devising credible social safety nets for the poor.
Manmohan Singh
Image
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
Image
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.
Manmohan Singh
Image
We are a coalition government, and that limits our options in some ways. Privatization happens to be one such area.
Manmohan Singh
Image
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.
Manmohan Singh
Image
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.
Manmohan Singh
Image
The Chinese have certain advantages. The fact that it's a single party government. But I do believe in the long run the fact that India is a functioning democracy committed to the rule of law. Our system is slow to move but I'm confident that once decisions are taken they are going to be far more durable.
Manmohan Singh
Image
Ethical and responsible behavior needs to become the cornerstone of corporate behavior
Manmohan Singh
Image
China is very important. The future growth of China, China's influence is bound to rise.
Manmohan Singh