Sikh extremism, separatism and militancy were a problem in India more than two decades ago. Today, Punjab is at peace and there is growth and prosper… - Manmohan Singh

When we talk of a resurgent Asia, people think of the great changes that have come about in Shanghai. I share this aspiration to transform Mumbai in the next five years in such a manner that people would forget about Shanghai and Mumbai will become a talking point.

"Terrorism remains the single biggest threat to South Asia's stability."*

There is no time to lose. Neither the Government nor the economy can live beyond its means year after year. The room for maneuver, to live on borrowed money or time, does not exist any more. Any further postponement of macroeconomic adjustment, long overdue, would mean that the balance of payments situation, now exceedingly difficult, would become unmanageable and inflation, already high, would exceed limits of tolerance.