The courts are no longer cathedrals. They are...casinos where the throw of the dice matters. - K. R. Narayanan

Economic liberalisation is a world phenomenon. Socialist countries, capitalist countries, all of them, have to take to liberalisation. The liberalisation took place first in Britain, then in the United States under President Reagan, these were not liberalising from a socialist system. I think it is because of the stage of economy which the world has reached at present and the stage of technology. At every historical and technological and economic age there are policies which would be suitable for that period and countries. We have to adopt policies, dictated by the circumstances and the necessities of the time.

That the nation has found a consensus for its highest office in some one who has sprung from the grass-roots of our society and grown up in the dust and heat of this sacred land is symbolic of the fact that the concerns of the common man have now moved to the centre stage of our social and political life. It is this larger significance of my election rather than any personal sense of honour that makes me rejoice on this occasion.

Democracy, I think, has established itself firmly [In India] and, there is no doubt that, it is one of the irremovable things which we have achieved. But it is facing problems at every stage. I don't think that we can rest on our oars in the maintenance of democracy. Critical times are facing us. There are, there will be, crises, that we will have to face. So constant adjustments of even democracy to changing times, is necessary. But one thing is clear. The idea of democracy and institutions of democracy that we have built up, have survived the test of critical situations.