"We got government off the backs of the people of India, particularly off the backs of India's entrepreneurs. We introduced more competition, both internal competition and external competition. We simplified and rationalized the tax system. We made risk-taking much more attractive"

Manmohan Singh's quote is describing the economic reforms he carried out in India throughout his tenure as Prime Minister. He is highlighting the importance of reducing the concern of federal government on individuals of India, especially entrepreneurs. He is describing the introduction of more competition, both internal and external, which allowed for more financial growth and advancement. He also discusses the simplification and rationalization of the tax system, that made it much easier for entrepreneurs to take threats and purchase their businesses. In General, Manmohan Singh's quote is stressing the significance of reducing government interference in the economy and producing an environment that encourages risk-taking and entrepreneurship. This has actually allowed India to turn into one of the fastest growing economies in the world.