In a world in which technology is changing at such a fast pace, where demand conditions change very fast, we need to look at a more innovative mechanism to cut down on this rigmarole of many tiers of decision-making processes.

[Urbanization] is the inevitable outcome of the processes of growth and the processes of modernization.

India's saving rate will go up. India's investment rate will go up. And I believe that's a plus point.

I have to do my duty, whatever task is allotted to me.

I 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.

Indians, we would like to be a part of the nuclear world order, accepting all the responsibilities that go with being a responsible nuclear power, and at the same time enlarging our options with regard to energy security of our country.

So outside agriculture, in manufacturing and services, we must create a lot more jobs. But that also means that we must ensure that our systems of general education and technical education are in line with the job requirements that a more modern manufacturing and a more modern services sector would require.