Economy Quote by Manmohan Singh
“When Indian economy was growing at the rate of 8 to 9 percent, I think everybody was quite happy. Even when there were defects in our policies, they were overlooked, and when the economy slows down, people try to find fault and excuses.”
About This Quote
Source Speech: Economic Outlook Address, India, 2005
People tend to praise success and ignore flaws, but criticize downturns and blame policies.
In simple terms: Success is praised, failure blamed.
Key Takeaway
Recognize bias in economic optimism.
Themes
optimism
criticism
economics
politics
Mood
reflective
critical
Type
analytical
political
When to use this quote
- business meetings
- media analysis
- public debates
- investment decisions
Key Concepts
cognitive bias
confirmation bias
policy evaluation
Questions to Reflect On
- How does optimism affect policy decisions?
- What evidence counters economic narratives?
A Different Perspective
Overlooks structural issues during growth periods.
