India Economy Quotes

Unlike China's growth story, which has been built on the strategy of creating excess supply, the Indian growth story has been built on the strategy of responding to incentives generated by excess demand. Which is why a certain degree of inflation is built into the Indian growth process.

What we have to be careful is that if we drop interest rates where the rate of interest is lower than inflation, then savers will not put money in financial savings and move it to gold and real estate, which is bad for India.

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.

India should be an exporter of technology.

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.

Policies aimed at attracting more foreign investment into India would naturally be a part of an external stabilisation strategy.

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.

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.

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.

I dream of India becoming a great economic superpower.

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.

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

I believe that India's long-term growth story is strong, and foreign investors are keen to be a part of it.

I think family businesses are still crucial for India's economy, but they need to professionalize. For young entrepreneurs, too, family should play a significant part.

There is no need to increase the taxes. India can run without troubling the citizens.

I think we have to pick up some sectors where we can make India the global hub in the entire value chain, and the most important sector to pick up should be electronics.

About 800 million people in India are below the age of 35 years. Their aspirations, energy, enterprise and skills will be the force for India's economic transformation.

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.

Relative to other economies in the world, India has a good feel to it.

'Big business' was a bad phrase in India. To be accused of being big business was the worst accusation you could make. All that has gone now. The whole mindset has changed.

As reforms have come into India, as India has started opening up, prosperity is increasing, as is demand for urban housing.

In terms of building consumer products, the U.S. and China are ahead of India. The interesting opportunity for India is whenever there is a disruption in technology, it gives every country a chance to leapfrog and take a lead. To take an example, China is leaping ahead in growing the China electric vehicle ecosystem.

We do everything in India that we do globally, and it is the largest country by headcount for us globally.

My investment strategy, which is to focus on sectors that are a national priority for India, hasn't changed.

India needs to sustain its high growth rate.