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.”
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.
Embrace healthy competition.
Themes
Mood
Type
When to use this quote
- financial sector
- regulatory change
- industry dynamics
Key Concepts
Questions to Reflect On
- What safeguards protect consumers during market changes?
- How can competition be balanced with stability?
Competition may cause short‑term disruption.