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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: 92
Born: 1932
Born: September 26
Banker
Civil Servant
Economist
Politician
Prime Minister Of India
Economy
Growing
Rich
Call
Distributing
Poor
Nets
Social
Income
Place
Safety
Fast

More quotes by Manmohan Singh

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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
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I am convinced the entrepreneurial spirit of the Indian people, if allowed to express itself freely in the marketplace, India will be all right.
Manmohan Singh
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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
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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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The emergence of India as a major global power is an idea whose time has come.
Manmohan Singh
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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
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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.
Manmohan Singh
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So outside agriculture, in manufacturing and services, we must create a lot more jobs. But that also means that we must ensure that our systems of general education and technical education are in line with the job requirements that a more modern manufacturing and a more modern services sector would require.
Manmohan Singh
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Economic policy and decision making do not function in a political vacuum.
Manmohan Singh
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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.
Manmohan Singh
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India happens to be a rich country inhabited by very poor people.
Manmohan Singh
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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.
Manmohan Singh
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In a country where employment opportunities are not growing fast enough, the fear of change tends to be very acute.
Manmohan Singh
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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.
Manmohan Singh
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I think the proof of the pudding is in the eating.
Manmohan Singh
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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.
Manmohan Singh
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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.
Manmohan Singh
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I believe a large part of humanity will draw appropriate lessons from what is the wave of the future in the 21st century.
Manmohan Singh
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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.
Manmohan Singh
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[Urbanization] is the inevitable outcome of the processes of growth and the processes of modernization.
Manmohan Singh