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My administration is focused on continuing to grow our economic foundation while ensuring emerging industries have the infrastructure and workforce they need to succeed in the global economy.

If I could create one job in the private sector by helping to grow a business, that would be one more than Congress has created in the last six months.

I know how businesses work and what government can do to help lay a strong foundation for the private sector.

We have now under President Obama's leadership had 29 months in a row of private sector job growth. That stretch of positive private sector job growth hasn't happened since 2005. We still have a long way to go, but we are moving in the right direction.

To foster entrepreneurship, expansion and job creation, more leaders at all levels of government have to demonstrate some understanding of what it takes to build and grow businesses in the private sector.

We are a mixed economy. We will remain a mixed economy. The public and private sector will continue to play a very important role. The private sector in our country has very ample scope and I am confident that India's entrepreneurs have the capacity, and the will to rise to the occasion.

Perhaps one of the most important accomplishments of my administration has been minding my own business.

I responded that we needed a private sector to improve the market situation and make peoples lives easier.

In the private sector, there is always innovation. There's always change. There's always improving productivity, and if you're not leading that, you'll be passed and ultimately go out of business. So there's an urgency to constantly update and renew and to rethink your enterprise.

The private sector must play a role in ensuring the prosperity and health of the people who comprise its market. It is time for the private sector to become a proactive partner contributing to the efforts of governments and philanthropies.