I Recognize The United States Is A

If We Have Access To Nuclear Energy, That Adds To Our Maneuverability In Ensuring Energy Security As India Marches On, On The Path To Accelerated Development.

The Chinese Have Certain Advantages. The Fact That It's A Single Party Government. But I Do Believe In The Long Run The Fact That India Is A Functioning Democracy Committed To The Rule Of Law. Our System Is Slow To Move But I'm Confident That Once Decisions Are Taken They Are Going To Be Far More Durable.

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 Think The Proof Of The Pudding Is In The Eating.

If Certain Facilities, Local Facilities Have To Be Arranged, The Local Authorities Have To Come. And That Makes The Indian System Slow Moving, Indian Administrative System Slow Moving.