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… — Manmohan Singh Copy Share Image
If you have a rigidly controlled economy, cut off from the rest of the world by infinite protection, nobody has any incentive to increase productivity and to bring new ideas. — Manmohan Singh Copy Share Image
If the economy is growing fast, there is call for a distributing income from the rich to the poor to to put in place… — Manmohan Singh Copy Share Image
Capitalism historically has been a very dynamic force, and behind that force is technical progress, innovation, new ideas, new products, new technologies, and new… — Manmohan Singh Copy Share Image
I have always believed that the ultimate purpose of economic policies and development policy is to meet the basic needs of our people. And… — Manmohan Singh Copy Share Image
Cutting the fiscal deficit is not popular. That is the experience of all governments in all countries. Expenditure cuts hurt certain vested interests, and… — Manmohan Singh Copy Share Image
India's infrastructure has to be modernized, has to be expanded at a rate which will I think be consistent with the growth requirements. — Manmohan Singh Copy Share Image
In a country where employment opportunities are not growing fast enough, the fear of change tends to be very acute. — Manmohan Singh Copy Share Image
A victory for the Taliban in Afghanistan would have catastrophic consequences for the world - particularly for South Asia, for Central Asia, and for… — Manmohan Singh Copy Share Image
Ethical and responsible behavior needs to become the cornerstone of corporate behavior — Manmohan Singh Copy Share Image
