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Account Quote by Manmohan Singh

“The National Stock Exchange was strongly opposed by Bombay stockbrokers and captains of industry. I thought some competition is good. The exchange has given a very good account of itself.” quote by Manmohan Singh
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“The National Stock Exchange was strongly opposed by Bombay stockbrokers and captains of industry. I thought some competition is good. The exchange has given a very good account of itself.”

Manmohan Singh

About This Quote

Source Speech: Economic Forum, 2005, India

Competition in markets can improve services, even if initial opposition exists.

In simple terms: Competition can be beneficial.

Key Takeaway

Embrace healthy competition.

Themes

economics competition market reform

Mood

analytical pragmatic

Type

policy economic

When to use this quote

  • financial sector
  • regulatory change
  • industry dynamics

Key Concepts

liberalization policy impact

Questions to Reflect On

  • What safeguards protect consumers during market changes?
  • How can competition be balanced with stability?
A Different Perspective

Competition may cause short‑term disruption.

2.9 out of 5 (8 ratings)

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