Nobody should be allowed to tinker with democracy. We will not discontinue the good works of the past government.

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.

India's growth rate will be accelerated, but in the process, America would also benefit.

Nobody should be allowed to tinker with democracy. We will not discontinue the good works of the past government.

Economic policy and decision making do not function in a political vacuum.

I have to create in India a macroeconomic environment where the employment in aggregate can go up at a handsome rate. Once that happens, people losing jobs in one sector will not mean that they will become perpetually unemployed. From one sector, they can move on to other sectors.

The salvation of the world ultimately lies in moving towards universal nuclear disarmament, but that's a long distance away.