Protectionism is a very real danger. It is understandable that in times of a severe downturn protectionist pressures mount but the lessons of history are clear. If we give in to protectionist pressures, we will only send the world into a downward spiral.
Nobody should be allowed to tinker with democracy. We will not discontinue the good works of the past government.
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.
Together with international unity and resolve we can meet the challenge of this global scourge and work to bring about an international law of zero tolerance for terrorism.
We are a mixed economy. We will remain a mixed economy. The public and private sector will continue to play a very important role. The private sector in our country has very ample scope and I am confident that India's entrepreneurs have the capacity, and the will to rise to the occasion.
Capitalism historically has been a very dynamic force, and behind that force is technical progress, innovation, new ideas, new products, new technologies, and new methods of managing teams.
India happens to be a rich country inhabited by very poor people.
We are a coalition government, and that limits our options in some ways. Privatization happens to be one such area.
Unity and secularism will be the motto of the government. We can't afford divisive polity in India.
[Urbanization] is the inevitable outcome of the processes of growth and the processes of modernization.
Last Update: 28 January 2023
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