Meaningful solutions to the problems of mass poverty that prevails in India I believe can only be found in the framework of an expanding economy.
Manmohan SinghLet 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.
Manmohan SinghChina is not I think a country which does not regulate, but there is a difference between the Chinese system and the Indian system.
Manmohan SinghI do believe that India needs a lot more foreign direct investment than we've got, and we should have the ambition to move in the same league many other countries in our neighborhood are moving. We may not be able to reach where the Chinese are today, but there is no reason why we should not think big about the role of foreign direct investment, particularly in the areas relating to infrastructure, where our needs for investment are very large. We need new initiatives, management skills, and I do believe that direct foreign investment can play a very important role.
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