Author: Manmohan Singh
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Egypt Revolution Day Wishes
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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.
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.
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.
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Love Status in Hindi
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