Manmohan Singh Quotes

It is the rate of investment which governs the rate of saving, and not vice versa.

Savings and investment are indissolubly linked. It is impossible to encourage one and discourage the other.

If people do not consume their whole incomes, the non-consumed surplus can be invested, it increases the amount of capital goods available and thereby makes it possible to embark upon projects which could not be executed before.

It is impossible to add the stock of money to the flow of saving.

The way to get a maximum rate of 'economic growth' assuming this to be our aim - is to give maximum encouragement to production, employment, saving, and investment. And the way to do this is to maintain a free market and a sound currency.

My view is the core engine supporting India's growth aspiration will be the financial sector, which will have to get more efficient.

If you put a ten dollar bill under the rug instead of spending it, that is capital formation. It represents ten dollars' worth of something that might have been immediately consumed, but wasn't.

A rise in the level of saving can reduce aggregate activity temporarily but only a sustained high level of saving makes it possible to have the sustained high level of business investment that contributes to the long-run growth of output.

China is a BRIC country. BRIC country means Brazil, Russia, India and China. This emerging economy really is helping the revival of the world economy.

There is a strong link between the following three things: exporting, manufacturing and the degree of saving by the population. It's complicated, but if the population doesn't save, the economy will not tend to export as much, and if it doesn't export as much, it won't manufacture enough.

Economy is a savings-bank, into which men drop pennies, and get dollars in return.

A good default, like Portugal or Greece, would be very good for the private equity business.

India's dynamic growth, coupled with its large reservoir of skilled workforce, its commitment to democracy, and the rule of law, all taken together make India a very attractive investment destination.

Interest rates are used to achieve overall economic stability.

I was initially very interested in public policy, but then after my masters at Harvard, I felt that it was important to get a better handle on the economics of it as well. I did my Ph.D. in macroeconomics, and my thesis - 'Why Is It That Some Countries Save And Others Not?' - was on savings.

Economists largely confine themselves to three key factors - capital, labor and productivity - when explaining how and why a country grows.

Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States.

To get our economy back on track and keep it functioning properly without the problems of our financial institutions, we need reasonable regulations that will protect Main Street while at the same time allow Wall Street to do what it does best - make money for American investors.

2005 opens with the promise of a number of substantial direct private investments that can swiftly transform the economy and set all sectors on a pronounced upward curve.

In India, because of the huge investments materialising in industry and infrastructure projects, the demand for steel has grown much faster than anticipated.

I don't think money itself has any causal relationship to nominal GNP. The dominating causal force is interest rates.

Deficits aren't always bad if you invest the money.

Since ours is an economy based on growth through risk-taking, we should provide encouragement not only for saving but for prudent investment of those savings.

Savings is the fundamental input for capital investment, and capital investment is the primary ingredient in productivity.

History does not provide any example of capital accumulation brought about by a government. As far as governments invested in the construction of roads, railroads, and other useful public works, the capital needed was provided by the savings of individual citizens and borrowed by the government.