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If India has to achieve exponential growth, it would have to be on the back of strong growth in the manufacturing sector.

That the powers of labour, and of the other instruments which produce wealth, may be indefinitely increased by using their products as the means of further production.

Strong growth means increased use of energy at a pace that can strain the capacity to supply what is needed at a reasonable price.

We used to live in a world where the price of resources came down steadily, and now the world has changed. You have a great mismatch between finite resources and exponential population growth.

The growth that we want is one that brings real benefits to the people, raises quality and efficiency of development, and contributes to energy conservation and environmental protection.

Individual income can grow only as fast as productivity rises.

People have been convinced that growth for growth's sake is a good thing.

I have said repeatedly that the way to sustainable growth is to bring down inflation to much more reasonable levels.

But as you say, the fundamental stumbling block is the question of the future of the economy. And it's not just the sort of economic laboratory question, of what kind of system would best generate growth, which is the way it's presented.