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Quote by Manmohan Singh

“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.”

Quote by Manmohan Singh

Author

Manmohan Singh is an Indian politician who served as the Prime Minister of India twice. Born on September 26, 1932, he is an economist by training and a politician by profession. He served as Prime Minister from 2004 to 2014, during which he promoted economic reforms in India and worked towards improving the welfare of the people. more

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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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“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.”

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“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.”

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“We should put more money in health. We should put more money in devising credible social safety nets for the poor.”

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“I have always believed India is a country blessed by God with enormous entrepreneurial skills.”

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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.”

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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.”

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“Because the Chinese insistence on one child, I think the proportion of older, non-working age population is going to rise sharply in China.”

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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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“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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