" Indian economy can withstand the world financial crisis better. This is due to: The liberalization process in India has checks and balances consistent with the unique social requirements of the country. The Indian banking system has always been conservative, which has prevented a crisis similar to that in the US and in Europe. The Indian psyche is generally savings-oriented and living within one’s means is a part of the Indian mindset. The 400-million-strong middle class, with its purchasing power, is providing economic stability to the nation. "

― A.P.J. Abdul Kalam , The Righteous Life: The Very Best of A.P.J. Abdul Kalam