A Quote by Sonia Gandhi
An economy growing at 7 percent per year, can and must find the resources to improve the lives of its millions of poor.
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We are shrinking the size of the federal government as a percent of our economy from over 21 percent of the economy to 19 percent of the economy. At the same time, we're growing the private economy.
The Chinese economy is growing at the rate of 9 percent; the Indian economy growing at the rate of 8 percent - enormous I think opportunities for two-way flow of trade, technology and investment.
If your credit is going to grow at 10-15 percent per year in order to get your 5 percent GDP growth per year, eventually you're going to have a problem. This isn't a stable system.
I don't want there to be this separation between the rich and poor. I may be part of the three percent because I've been fortunate and done well for myself, but I will never forget about the 97 percent. That was me growing up. I was so poor I dreamt about being just 'regular poor,' not 'poor, poor.'
We expect that in the next years, the economy will improve. And we expect that extreme poverty will drop from 22 percent to 11 percent by the year 2000.
In 1994, Estonia became the first European country to adopt a flat tax, and its 26 percent flat tax dramatically energized what had been a faltering economy. Before adopting the flat tax, the Estonian economy was literally shrinking. In the eight years after 1994, Estonia experienced real economic growth - averaging 5.2 percent per year.
For millions, the retirement dream is in reality an economic nightmare. For millions, growing old today means growing poor, being sick, living in substandard housing, and having to scrimp merely to subsist.
Healthcare is growing now at about 10 per cent per annum in the U.S. top line, versus 3 per cent for the economy. As someone with a sharp pencil and an eye for this kind of thing, this can't last.
When Indian economy was growing at the rate of 8 to 9 percent, I think everybody was quite happy. Even when there were defects in our policies, they were overlooked, and when the economy slows down, people try to find fault and excuses.
If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain.
Here's what peak oil is - it's not running out. It's that you no longer can produce more, and more, and more, year after year. World oil production has been going up about 1.8-2 percent per annum for decades. And that's what the world economy got attuned to.
For a developing country, average long-run growth of 5 percent a year per capita is excellent, and 7 percent is stellar.
If you spend your time, worth $20-25 per hour, doing something that someone else will do for $10 per hour, it's simply a poor use of resources.
When you feel discouraged or simply lazy, as is bound to happen sometimes, remember the millions of people in the world who have not had your privilege. Remember the poor and obscure lives of those countless millions who suffer from every sort of deprivation and frequently find themselves the unwilling victim of wars, and a variety of cruelties, perpetuated by man on man. Is it not significant that the first bid for self realization, among the poor and downtrodden, is to assert their right to education?
Our royalty statement has been minimal and menial. Really. We don't collect more than a per cent of a per cent of a per cent of a per cent of a per cent of a per cent of a per cent. We get maybe the seventh of 1 percent.
Iran's economy is now shrinking by 1 percent a year. Its oil production is down 40 percent.
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