Let me tell you, very frankly, when I went to the Harvard Business School I was more or less a committed socialist.

What we will become depends on us

I know my limitations. I live and work according to my limitations. And my party only two weeks ago has clearly declared that the leader of the party after Ms Sonia Gandhi will be Mr Rahul Gandhi. And all of us, including me, have expressed our solid support to Mr Rahul Gandhi.

I don't think we should label budgets even before the budget is presented.

People understand what is good for them in the long run. In the long run, what is good for people is that India's economy continues to grow at clipping pace, 8% and above, that itself brings host of benefits to the people. It brings better roads, it brings better schools, brings more money to the communities, it brings more jobs.

A government can do only what is feasible given the political and economic context.

Evidence points out that if you raise tariffs too much it will increase smuggling.