We need not feel embarrassed to advocate economic nationalism…Our government…

We need not feel embarrassed to advocate economic nationalism…Our government functionaries also must not feel shy to work closely with business. Jointly they should ensure that India’s economic interests are protected — through trade, investment, and foreign policy measures..

Economy through various periods, Liberalisation

By: Mukesh Ambani. Source: Economic Nationalism: The Weak and The Strong

Other Economy of India Quotes

India’s bane is the profesional ‘povertywallas’: the politicians who have incessantly mouthed slogans such as ‘garibi hathao’ … and the economists who write continually about ‘abysmal poverty’. Both have generally espoused policies, such as defending public sector enterprises at any cost, discounting and even opposing liberal reforms, promoting white-elephant style projects that use capital-intensive techniques on unrealistic grounds such as that they would create profits and savings when in fact they have drained the economy through losses… - View Quote Details on India’s bane is the profesional ‘povertywallas’: the politicians who have…
The village communities are little republics, having nearly everything they want within themselves, and almost independent of any foreign relations. They seem to last where nothing else lasts. Dynasty after dynasty tumbles down; revolution succeeds to revolution; Hindoo, Patan, Mogul, Mahratta, Sik, English are all masters in turn; but the village communities remain the same… If a country remains for a series of years the scene of continued pillage and massacre, so that villages cannot be inhabited, the scattered villagers nevertheless return whenever the power of peaceable possession revives. A generation may pass away, but the succeeding generation will return. The sons will take the place of their fathers; the same site for the village, the same position for the houses, the same lands, will be occupied by the descendants of those who were driven out when the village was depopulated… - View Quote Details on The village communities are little republics, having nearly everything they…
…in July 1991… with the announcement of sweeping liberalization by the minority government of P.V. Narasimha Rao… opened the economy… dismantled import controls, lowered customs duties, and devalued the currency… virtually abolished licensing controls on private investment, dropped tax rates, and broke public sector monopolies…. [W]e felt as though our second independence had arrived: we were going to be free from a rapacious and domineering state… - View Quote Details on …in July 1991… with the announcement of sweeping liberalization by…
It is almost a cliché to describe India as rich in institutional infrastructure and poor in physical infrastructure. - View Quote Details on It is almost a cliché to describe India as rich…
The doctrine of controls and regulation on private enterprise led to: “a nightmare… [a]n untrained army of underpaid engineers… operating… without clear-cut criteria, vetted thousands of applications on an ad-hoc basis… months in… futile microreview…. again lost months reviewing the same data… interministerial licensing committee… equally ignorant of entrepreneurial realities… also operat[ing] upon ad hoc criteria in the absence of well-ordered priorities…. seek approval for the import of machinery from the capital goods licensing committee… foreign agreements committee… state financial institutions. The result was enormous delays… years… with staggering opportunities for corruption…” - View Quote Details on The doctrine of controls and regulation on private enterprise led…
We have believed and we do believe now that freedom is indivisible, that peace is indivisible, that economic prosperity is indivisible. - View Quote Details on We have believed and we do believe now that freedom…
“We have achieved political freedom but our revolution is not yet complete and is still in progress, for political freedom without the assurance of the right to live and to pursue happiness, which economic progress alone can bring, can never satisfy a people. Therefore, our immediate task is to raise the living standards of our people, to remove all that comes in the way of the economic growth of the nation. We have tackled the major problem of India, as it is today the major problem of Asia, the agrarian problem. Much that was feudal in our system of land tenure is being changed so that the fruits of cultivation should go to the tiller of the soil and that he may be secure in the possession of the land he cultivates. In a country of which agriculture is still the principal industry, this reform is essential not only for the well-being and contentment of the individual but also for the stability of society. One of the main causes of social instability in many parts of the world, more especially in Asia, is agrarian discontent due to the continuance of systems of land tenure which are completely out of place in the modern world. Another-and one which is also true of the greater part of Asia and Africa-is the low standard of living of the masses. - View Quote Details on “We have achieved political freedom but our revolution is not…
“…The ease with which firms are able to enter into and exit from business activities is an important determinant of the investment climate. For business start-ups, a large number of clearances have to be taken both at the Central and State level. Such a system introduces delays and creates avenues for corruption. Studies show that with a heavy regulatory burden on business, India still ranks in the bottom quartile of comparable nations in the ease of doing business…. Indian labour laws, particularly Chapter VB of the Industrial Disputes Act, 1947, allow firms less latitude … Small-scale reservation has not succeeded in producing the expected results, and has constrained investment in some critical sectors, such as knitwear, with large growth potential. There is little justification for continuance of such reservations…. Easing the entry-exit barriers will be critical…” - View Quote Details on “…The ease with which firms are able to enter into…
the train has left the station… - View Quote Details on the train has left the station…
If we stop thinking of the poor as victims, or as a burden, and start recognising them as resilient and creative entrepreneurs and value-conscious consumers, a whole new world of opportunity will open up. - View Quote Details on If we stop thinking of the poor as victims, or…