India Has Remained A Full, Functioning Democracy.

[urbanization] Is The Inevitable Outcome Of The Processes Of Growth And The Processes Of Modernization.

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 That The Ultimate Purpose Of Economic Policies And Development Policy Is To Meet The Basic Needs Of Our People. And For That, We Need A Fast-expanding Economy.

As The Largest And Most Developed Democracies Of Asia (india And Japan), We Have A Mutual Stake In Each Other's Progress And Prosperity.

I Think The Proof Of The Pudding Is In The Eating.