If certain facilities, local facilities have to be arranged, the local authorities have to come. And that makes the Indian system slow moving, Indian administrative system slow moving.

With the revolution in information technology, with the revolution in transport technologies, I think just geography has lost its all significance.

Protectionism is a very real danger. It is understandable that in times of a severe downturn protectionist pressures mount but the lessons of history are clear. If we give in to protectionist pressures, we will only send the world into a downward spiral.

Those who create wealth should be shown the greatest respect.

I believe all societies, all thriving societies of the future are going to be multicultural societies.

In a country where employment opportunities are not growing fast enough, the fear of change tends to be very acute.

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.