"India's trade deficit is because of excess..." - Quote by A P J Abdul Kalam
India's trade deficit is because of excess of import over exports.
More by A P J Abdul Kalam
More on Economy
“When I graduated from high school, it was during the Depression and we had no money.”
“The available supply of gold and silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the People, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money intrinsic value that may come into use.”
“Our current expectations for what our students should learn in school were set fifty years ago to meet the needs of an economy based on manufacturing and agriculture. We now have an economy based on knowledge and technology.”
More on Trade
“Where others fear trade and economic growth, we see opportunities for creating new wealth and undreamed-of opportunities for millions in our own land and beyond. Where others seek to throw up barriers, we seek to bring them down; where others take counsel of their fears, we follow our hopes.”
“No nation has ever been ruined by trade.”
“This whole business of Trade gives me to pause and think, as it constitutes false relations between men; inasmuch as I am prone tocount myself relieved of any responsibility to behave well and nobly to that person who I pay with money, whereas if I had not that commodity, I should be put on my good behavior in all companies, and man would be a benefactor to man, as being himself his only certificate that he had a right to those aids and services which each asked of the other.”