A Quote by Anand Mahindra
For India's economy to expand as rapidly and yet more sustainably than China's, we need to make our differences into virtues rather than vulnerabilities.
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Between 1995 and 2009, Western Europe's entrepreneurs created jobs faster than the U.S. did, and European economies exported more than the BRIC countries of Brazil, Russia, India and China. Eastern Europe's productivity increased more rapidly than East Asia's.
We need to lengthen the school day. We need to lengthen the school year. Our calendar is based upon the agrarian economy. Children in India and China are going to school 25, 30, 35 more days a year. They're just working harder than us. So, we need more time, particularly for disadvantaged children, who aren't getting those supports at home.
But I'd rather help than watch. I'd rather have a heart than a mind. I'd rather expose too much than too little. I'd rather say hello to strangers than be afraid of them. I would rather know all this about myself than have more money than I need. I'd rather have something to love than a way to impress you.
The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to carry this debt. [...] The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor.
India does not need to become anything else. India must become only India. This is a country that once upon a time was called 'the golden bird'. We have fallen from where we were before. But now we have the chance to rise again. If you see the details of the last five or ten centuries, you will see that India and China have grown at similar paces. Their contributions to global GDP have risen in parallel, and fallen in parallel. Today's era once again belongs to Asia. India and China are both growing rapidly, together. That is why India needs to remain India.
At the moment we are hard-wired into the European markets - 50% of our exports go to Europe - and that has not been good for the UK. So I'm not saying "make Britain entirely dependent on China". I'm saying "let's diversify a bit". When I became chancellor, China was our ninth largest trading partner. This is the world's second biggest economy. China was doing more business with Belgium than it was with Britain.
Yes, I think India's economy always has been a mixed economy, and by Western standards we are much more of a market economy than a public sector-driven economy.
We tax our companies more than any other country in the world, so we really are not really encouraging businesses to grow and expand, and over time, that's going to make it so that we diminish our role in the global economy.
Competing against each other leaves little space for reciprocity and the growth of social capital. Running against another in a race may benefit our speed, but jointly organising the sports day produces cooperation and trust. There are many situations where cooperation and reciprocity are more effective than competition. Civic virtues come from building on what we have in common rather than by using our differences to create in-groups, outgroups and fear driven competition
If you repress rather than unlock the potential of large groups of Americans, what's that going to do to our economy? It's going to contract, not expand.
The innovation industries are rapidly going global. In five years, more than 50% of venture capital returns will come from markets outside the United States, including China, India, Brazil, and Australia, and AlwaysOn events are on top of these trends.
We need a new British business bank with a clean balance sheet and an ability to expand lending rapidly to the manufacturers, exporters and high-growth companies that power our economy. Today I can announce we will have one.
Just as China achieved much more than India in the realm of public health and education under an austere Communist regime, so its economic growth under a capitalist-friendly government strikes a visitor from India as nothing less than spectacular.
In India we celebrate the commonality of major differences; we are a land of belonging rather than of blood.
They would make the 'Church ' their great meeting-point, rather than the Atonement of Christ. As far as my experience goes, they have more devoutness and less devotion, more fear and less love, more feeling of duty than of desire, laying more stress on Phil. ii. 12 than ver. 13, and in practice working upon the intellect and imagination rather than aiming at the heart, skirmishing among the outworks rather than assaulting the citadel.
So long as our relationship is defined by our differences, we will empower those who sow hatred rather than peace, those who promote conflict rather than the cooperation that can help all of our people achieve justice and prosperity. This cycle of suspicion and discord must end.
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