Manmohan Singh Year Quotations

For two years in a row we have upwards of 7 percent growth in our national income. This year we expect to repeat that performance. I am convinced that we will sustain this rate of growth perhaps even improve upon in the next years. This has the potential of transforming our economy in many ways. It is now possible as never before to visualize India without poverty, without disease and scourge,

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.

The Indian economy grew at 5.5 percent, but if you look at the last 30 years - for example, 1960 to 1985 - the progress made by East Asian countries was phenomenal. In a single generation they had been able to transform the character of their economy. They were able to get rid of chronic poverty.