Verbatim: Quotable Quotes

“In our defence against the global uncertainty, good policy is the first line of defence. If we have good policy, people will come to India no matter what happens in the world”
— Raghuram Rajan, governor, Reserve Bank of India, insisting that though many economies in the world have been hit by the global volatility, India is fairly safe against such volatility

“Smartphones that are working there (in India) are low end, primarily because of the network and the economics, the market potential has not been as great there. But I view India as where China was maybe seven to ten years ago from that point of view, and I think there’s a really great opportunity there”
— Tim Cook, CEO, Apple, while attending the quarterly earning call of the company

“To not be considering Amazon and others would be — in my view — delusional”
— Art Peck, CEO, GAP, told shareholders at the company’s annual meeting

“In any developing country in the world, both the public
and private sector have a very important role to play. You can’t suddenly get rid of the public sector, nor should you”
— Narendra Modi, Prime Minister of India, in an interview

“When the dust settles, I think we will have may be eight or 10 very competitive banks. Some of them are going to be large-scale global players. Some of them are going to be differentiated banks”
— Jayant Sinha, union minister of state for finance, referring to an ongoing consolidation phase that has led to a sharp reduction from the 27 state-owned banks currently in existence

“The crux of the achievement is change in mindset. The ministry was in a fear psychosis and was stuck in a frozen mindset. I have managed to break this barrier of fear and create an atmosphere of trust, if not fully then partially, that is good enough for the ministry to start moving”
— Manohar Parrikar, defence minister of India, on the “biggest achievement” of the NDA government