If The Economy Is Not Expanding, The

Our Vision Is Not Just Of Economic Growth, But Also Of A Growth Which Would Improve The Life Of The Common Man.

The Indian Economy Grew At 5.5 Percent, But If You Look At The Last 30 Years - For Example, 1960 To 1985 - The Progress Made By East Asian Countries Was Phenomenal. In A Single Generation They Had Been Able To Transform The Character Of Their Economy. They Were Able To Get Rid Of Chronic Poverty.

When I Became Finance Minister In 1991, I Discovered That The Wealth Tax Rates Income - There Was Taxation On Wealth. It Was So Atrocious And So High That Actually Nobody Could Accumulate Money In An Honest Way. I Removed That Tax, And The Result Was That Indian Companies For The First Time Acquired An Incentive To Grow Big, To Grow Rich.

I Have Always Believed India Is A Country Blessed By God With Enormous Entrepreneurial Skills.

No Power On Earth Can Stop An Idea Whose Time Has Come.