Economy of India

“Indians of old were keenly alive to the expansion of dominions, acquisition of wealth, and the development of trade, industry and commerce. The material prosperity they gained in these various ways was reflected in the luxury and elegance that characterized the society... The adventurous spirit of the Indians carried them even as far as the North Sea, while their caravans traveled from one end of Asia to the other.”

“[In the seventeenth century John De Laet (1631) summarised the information he had collected from English, Dutch and Portuguese sources regarding the Mughal empire as a whole.] “The condition of the common people in these regions (south and west) is exceedingly miserable; wages are low; workmen get only one regular meal a day, the houses are wretched and practically unfurnished, and people have not got sufficient covering to keep warm in winter.””

“The common people (live in) poverty so great and miserable that the life of the people can be depicted or accurately described only as the home of stark want and the dwelling place of bitter woe… their houses are built of mud with thatched roofs. Furniture there is little or none, except some earthenware pots to hold water and for cooking…”

“We need not feel embarrassed to advocate economic nationalism...Our government functionaries also must not feel shy to work closely with business. Jointly they should ensure that India's economic interests are protected -- through trade, investment, and foreign policy measures..”

“It is almost a cliché to describe India as rich in institutional infrastructure and poor in physical infrastructure.”

“There is no doubt in my mind that India is one of the great financial success stories of the future. The curse of India is that Indians lack pride in being Indian. The moment they have that pride, India will be the next Japan.”

“If we stop thinking of the poor as victims, or as a burden, and start recognising them as resilient and creative entrepreneurs and value-conscious consumers, a whole new world of opportunity will open up."”

“When Robert McNamara was president of the World Bank, he visited Dharavi, near Mumbai airport, then, as now, one of the largest slums in the world. Looking at the abject poverty in the shantytown, he broke down, possibly realising the enormity of the task ahead.”

“She reads the mind behind the capitalist conspiracy to reform Hinduism thus: "Capitalism is often believed to thrive among Semitic religions such as Christianity and Islam. The argument would then run that if capitalism is to succeed in India, then Hinduism would also have to be moulded in a Semitic form".”