India Economy Quotes & Sayings

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. — Manmohan Singh

Probably in 2035 we will pass that mantle on to China. It will be the biggest economy in the world, and it will go way past us and way past India. Given the growth, the size, the opportunities, I don't think there's any other place in the world that can match it. — David Rubenstein

If India is an emerging economy with millions of new consumers, sell them the Volvo. Sell them the Cielo car. Sell them whatever you can, hamburgers and KFCs. It's the middle classes who have moved into being able to own a car, a refrigerator. For them there is this mantra that the General Electric refrigerator is better than some other model, that the Cielo car is fancier than the Ambassador. — Vandana Shiva

13 million Indians will join the workforce every year from now till 2030. They know their prospects aren't good. Here's why: in the years from 1972 to 1983 - not celebrated as a time of overwhelming prosperity - the total number of jobs in the economy nevertheless grew 2.3 per cent a year. In the years between liberalization in 1991 and today, jobs have grown at an average of only 1.6 per cent a year. But, if these young people have to be absorbed, then jobs must grow at least 3 per cent a year - almost twice the rate at which they have since liberalization. This is simply not happening. In other words, one out of every two youngsters who starts looking for a job next year won't find one. — Mihir S. Sharma

People understand what is good for them in the long run. In the long run, what is good for people is that India's economy continues to grow at clipping pace, 8% and above, that itself brings host of benefits to the people. It brings better roads, it brings better schools, brings more money to the communities, it brings more jobs. — P. Chidambaram

Customs inspectors could not stop the export of software through telephone lines; labour inspectors could not stop software engineers from talking to customers in America at night; excise inspectors could not harass the IT firms because the government did not levy tax on services. Much like Gurgaon, India's knowledge economy literally grew at night when the government slept. — Gurcharan Das

India is a 2 trillion dollar economy today. Can we not dream of an India with a 20 trillion dollar economy? — Narendra Modi

Fortunately for India, it has got a growing economy. If it is doing the right things with taxation and focusing on the right areas for human development, it is going to have no problem, over a period of time, taking care of its own needs. — Bill Gates

India must achieve the real goal?that is energy independence or an economy which will function well within total freedom from oil, gas or coal imports. — Abdul Kalam

The East India Company's domination of the Indian economy was based on its private army. — Robert Trout

I've never believed protectionism of that kind will lead us anywhere. I think you can have certain specific rules for engaging with India.. for example, not allowing mineral resources to be taken out of the country.. but there is not a shred of doubt in my mind that when you open an economy you should do it in totality. Foreign investment adds a sense of competition; we should see this as a wake-up call to modernise and upgrade. Companies that do not will undoubtedly die. — Ratan Tata

This strategy, which was then used as the template for the rest of the European periphery, turning the majority of European states into what I jokingly refer to as Bailoutistan, was always going to backfire on the European economy. Tim Geithner and Jack Lew, his successor in the US Treasury Department, understood this well. They shared the concern that what started in Greece in 2010, with the combination of an absurd bailout and a hideous level of austerity, has put Europe into a position that undermines America's recovery and threatens the prospects of China, Latin America, even India and Africa. — Yanis Varoufakis

In India and in New York the economy is naked. People are starving physically in India, and emotionally in New York. — Francesco Clemente

Millions of Nepalese have swelled the armies of cheap mobile labour that drive the global economy, serving in Indian brothels, Thai and Malaysian sweatshops, the mansions of oil sheikhs in the Gulf, and, most recently, the war zones of Iraq. Many more have migrated internally, often from the hills to the subtropical Tarai region on the long border with India. The Tarai produces most of the country's food and cash crops and accommodates half of its population. On its flat alluvial land, where malaria was only recently eradicated, the Buddha was born twenty-five hundred years ago; it is also where a generation of displaced Nepalese began to dream of revolution. — Pankaj Mishra

The entire political elite has mismanaged the Indian economy for the last 50 years. You cannot solve a crisis that is borne as a symptom of mismanagement in just five minutes or in a week. It will involve significant sacrifices and pain, and I doubt that in India there is the political will to face the music. — Marc Faber

From China and India to Turkey and Brazil, when women have gotten access to education, to family planning and to a vital place in the economy, greater prosperity has followed. And when women are free to speak and learn, they temper the extremes of ideology and fanaticism and raise sons who are less likely to become human bombs. — David Horsey

India may be the soul of world cricket, but IPL is its commercial heart. Just as 'Who Wants to be a Millionaire' changed the ground rules for quiz shows by injecting a massive dose of money into the equation, IPL has changed the dynamics of the cricket economy. — Vikas Swarup

Today, being the biggest developing countries in the world, China and India are both committed to developing their economy and raising their people's living standards. — Li Peng

There is no doubt that as an economy grows in a great way like India has, that you have to step back and change your tax systems, because you start to get more disparities of wealth. — Bill Gates

We look at the number of engineers coming out of India; we look at the growth of the economy, and it's clear that India is a place we want to be. — Douglas Leone

I think the Tata Group's greatest contribution to the growth of the Indian economy and Indian industry probably happened in the pre-independence era. The Group's investments in industries such as steel, textiles, power and hotels were certainly driven by an entrepreneurial spirit, but they were driven even more, I think, by a desire to make India self-sufficient and independent of its colonial masters then. — Ratan Tata

According to the World Health Organization, an average of Rs. 6500 per person was lost in India due to lack of cleanliness and hygiene. Swachh Bharat would make a significant impact on public health and in safeguarding income of the poor, ultimately contributing to the national economy. — Narendra Modi

Today you have a situation where now the prescription is: People who don't have enough money to buy food should end up paying for their drinking water. That is going to be the kind of situation in which you will get more child labor. You will get more exploitation of women. You're going to get an absolutely exploitative economy as the very basis of living becomes a source of capital accumulation and corporate growth. In fact, the chief of Coca-Cola in India said: "Our biggest market in India comes from the fact that there is no drinking water left. People will have to buy Coca-Cola. — Vandana Shiva

China has, all of a sudden, found a way of putting the best of the best to work to build an economy that is growing at 10% to 12% per year, and now India is following. And those changes and how quickly they've come out of this mess, how little debt they have, is really important. — Juan Enriquez

This 21st century economy holds great promise for our people. But unless we give all Americans the skills they need to succeed, countries like India and China will take good-paying jobs that should be ours. — Harry Reid

India went through a dramatic revolution after the '90s when our economy started opening up for the first time and Indians were now experiencing the Western life, if you will. Drugs and sex and a lot of those influences came in as the economy stabilized, and we were growing up and experiencing that. The Indian writing market was very small at that time. Our literature was very attuned to what Western audiences were interested in, so everybody was writing about the slums in India and magic realism or stories about Hindus and Muslims and partition. — Karan Bajaj

The world wants India to remain an import-based economy. Then India can be a dumping ground where gold can be dumped and other commodities such as oil and gas. They look at India as a huge market. — Anil Agarwal

I dream of making India a $20 trillion economy. For that, I am pushing for agriculture, manufacturing and service sectors. — Narendra Modi

It is really gratifying, for example, to visit India now and see that because they've had good educational institutions, and they've had a focus on it, there are more and more people in India participating in the world economy. — Bill Gates

By 2060, India's economy is projected to be larger than China's because of its greater population growth. India is forecast to produce about one-quarter of world GDP from 2040 through the rest of this century. — Jeremy J. Siegel

You see countries like India really investing in their space program because they see it as inspirational and good for their economy. — Ellen Stofan

In 2006, the global economy was doing well. In India, the political and economic situation was stable. All key macroeconomic indicators reflected an economy that was in robust good health. — Baba Kalyani

The development-minded prime minister is looking for foreign capital and technology to boost India's economy. China's stock of direct investment of $400m in India is derisory - less than that of Belgium. Talk fills the Indian press of a 250-fold increase, to $100 billion in just a few years. — Anonymous

Economic development cannot take a nation forward on its own. We need a society and economy which complement each other. We need to take care of the poor, deprived and left behind sections of society. — Narendra Modi

Overpopulation is the problem of the third and fourth World; over-consumption is the problem of the West. The average American child this year will consume as much of the world's resources as twenty children born in India. Deliberate and calculated waste is the central aspect of the American economy. We over-eat, over-buy, and over-built, spewing out our toxic wastes upon the earth and into the air. — Richard J. Foster

Hindutava's nationalism ignores the rationalist traditions of India, a country in which some of the earliest steps in algebra, geometry, and astronomy were taken, where the decimal system emerged, where early philosophy - secular as well as religious - achieved exceptional sophistication, where people invented games like chess, pioneered sex education, and began the first systematic study of political economy. The Hindu militant chooses instead to present India - explicitly or implicitly - as a country of unquestioning idolaters, delirious fanatics, belligerent devotees, and religious murderers — Amartya Sen

Fear of foreign domination in India led the Janata Party, in the 1970s, to push for partial Indian ownership of all multinational firms within the country. The result was a spectacular pullback, by companies such as IBM and Coca-Cola, and a stagnant economy. — Peter Blair Henry

In 1775 Asia accounted for 80 per cent of the world economy. The combined economies of India and China alone represented two-thirds of global production. In comparison, Europe was an economic dwarf. — Yuval Noah Harari

In a mature economy like India's, which is becoming modern and a financially-oriented economy, an independent central bank, responsible central bank, is really central to success. — Ben Bernanke

Our expectation is that by 2050, which is a long time away, India will be the largest economy in the world, overtaking both the U.S. and China. — Adi Godrej

The combination of internal controls and international protectionism gave India a distorted economy, underproductive and grossly inefficient, making too few goods, of too low a quality, at too high a price. The resultant stagnation led to snide comments about what Indian economist Raj Krishna called the "Hindu rate of growth," which averaged some 3.5 percent in the first three decades after independence (or, to be more exact, between 1950 and 1980) when other countries in Southeast Asia were growing at 8 to 15 percent or even more. — Shashi Tharoor

China is a BRIC country. BRIC country means Brazil, Russia, India and China. This emerging economy really is helping the revival of the world economy. — Michael Anti

Yes, I think India's economy always has been a mixed economy, and by Western standards we are much more of a market economy than a public sector-driven economy. — Manmohan Singh

The American consumer, even today, the weight of the American consumer in the global economy is China plus India doubled. So, it's tough to replace that. — Fareed Zakaria

To balance China, the democracies will need new friends - and India with its fast-growing economy, youthful population, and democratic politics seems the obvious candidate. — David Frum

President Bush went out touting his economic record in Ohio last week. Now this is a state that lost 225,000 jobs since Bush took office. You know, if Bush wants to tout his record, he should do it somewhere where the Bush economy has actually created jobs, like India, or Thailand, or China. — Jay Leno