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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
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Manmohan Singh
Age: 91
Born: 1932
Born: September 26
Banker
Civil Servant
Economist
Politician
Prime Minister Of India
Place
Safety
Fast
Economy
Growing
Rich
Call
Distributing
Poor
Nets
Social
Income
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I think the proof of the pudding is in the eating.
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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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Jawaharlal Nehru wanted India to develop close ties with China and learn from its experience.
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Nobody should be allowed to tinker with democracy. We will not discontinue the good works of the past government.
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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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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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I think whatever I've done, I hope I've earned a footnote in India's long and tortuous history.
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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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Terrorists had the advantage of surprise.
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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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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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No power on earth can stop an idea whose time has come.
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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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In a country where employment opportunities are not growing fast enough, the fear of change tends to be very acute.
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My vision is to work for the relationship between India and Pakistan which would be like the relation between Canada and the United States.
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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.
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