When I became finance minister in 1991, I discovered that the wealth tax rates income - there was taxation on wealth. It was so atrocious and so high that actually nobody could accumulate money in an honest way. I removed that tax, and the result was that Indian companies for the first time acquired an incentive to grow big, to grow rich.
Manmohan SinghThe salvation of the world ultimately lies in moving towards universal nuclear disarmament, but that's a long distance away.
Manmohan SinghWe need multiculturalism, respect for diversity, tolerance, respect for diverse faiths.
Manmohan SinghWe have to walk on two legs. We have to create conditions in which manufacturing and services - the economy outside agriculture - move and move fast enough. And at the same time the working force that is available must have skills which will fit the kind of jobs which will be in demand.
Manmohan SinghI believe whether it is the United States or Europe, they will all end up as multicultural societies.
Manmohan SinghI have always regard nonalignment as a statement that India's policies, foreign policy will be guided by what I describe as enlightened national interest. That we will make judgments on an independent basis, with the sole concern being what is enlightened India's national interest. In that sense, nonalignment remains as relevant today as it was in the early 1950s.
Manmohan Singh