70 percent of India's imports of oil and oil products are imported from abroad. There is uncertainty about supply. There is uncertainty about prices. And that hurts India's development.

I do believe that the future of civilization belongs to those who would lay emphasis on working together instead of talking about clash of civilizations.

Unity and secularism will be the motto of the government. We can't afford divisive polity in India.

No nation, no society, no community can hold its head high and claim to be part of the civilized world if it condones the practice of discriminating against one half of humanity represented by women.

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.

If you have a rigidly controlled economy, cut off from the rest of the world by infinite protection, nobody has any incentive to increase productivity and to bring new ideas.

India was a late comer to industrialization, and as such, we have contributed very little to the accumulation of greenhouse gas emissions that cause global warming. But we are determined to be part of the solution to the problem.

Our vision is not just of economic growth, but also of a growth which would improve the life of the common man.

I do believe that India is a unique case. And you need I think exceptional skills I think to incorporate Indian into the world nuclear order.

China is not I think a country which does not regulate, but there is a difference between the Chinese system and the Indian system.

If we have access to nuclear energy, that adds to our maneuverability in ensuring energy security as India marches on, on the path to accelerated development.

There may be a difference of the pace at which India moves, but there should be no doubt whatsoever about the direction in which India is going to move in years to come.

Globalization offers us enormous opportunities in the race to leapfrog in development processes. It also obliges us to set in motion processes which would minimize its risks.

Let me say that I think the economic history of the last 150 years clearly shows that if you want to industrialize a country in a short period, let us say 20 years, and you don't have a well-developed private sector, entrepreneurial class, then central planning is important.

I think there are enormous possibilities. And today there are no I think barriers to increased cooperation with India and the United States.

The Chinese economy is growing at the rate of 9 percent; the Indian economy growing at the rate of 8 percent - enormous I think opportunities for two-way flow of trade, technology and investment.