Yes, I think India's economy always has been a mixed economy, and by Western standards we are much more of a market economy than a public sector-driven economy.

I think Russians today have a distorted picture of capitalism, liberal democracy and market economy.

Once this is completed, we will be able to address a major constraint affecting our economy,

My claim is that we do not have a market economy, but a capitalist economy.

We are a mixed economy. We will remain a mixed economy. The public and private sector will continue to play a very important role. The private sector in our country has very ample scope and I am confident that India's entrepreneurs have the capacity, and the will to rise to the occasion.

So I think one can say on empirical grounds - not because of some philosophical principle - that you can't have democracy unless you have a market economy.