Top 10 quotes from Davos

NDTV's coverage of World Economic Forum 2012 from Davos, Switzerland saw policy makers, corporate executives express hope amidst the gloom.

Most decision makers, intellectuals NDTV spoke to, want the year 2012 to end on a positive note.

Here are top 10 quotes from Davos.

Web can't be self-censored. This is Google's first statement on the controversy relating to posting of inappropriate comments on websites.

Nikesh Arora, chief business officer and senior VP of the company said, "There's like a billion transactions that have happened every hour on social networking sites. Who is going to actually read through all of them in advanced to make sure that nothing is objectionable that stays there."

Chairman of Airtel Sunil Bharti Mittal commented on the state of India's telecom policy.

"I do not think this industry has enough money left in it to give much more to the government. That is where I will appeal to the government and the political leadership to have a balance between government exchequer and the capacity of the industry to pay," he said.

Microsoft founder Bill Gates said, "India faces many challenges, especially in the fields of health and education.

The country must learn from China for improvement in these areas."

India has been hit by policy inaction but hopes still remain.

Wipro chairman Azim Premji said, "There has been policy inaction by the government.The Centre will take corrective measures after the general elections in five states are over."

Industrialist Rahul Bajaj said, "There is a perception among people that the government continues to be pro reform and liberal minded. The government wants reform but the party is a little bit ambivalent in the last couple of years."

N Chandrasekaran, MD and CEO of TCS said, "Job creation is on top of US president's agenda in an election year. Obama's speech on protectionism is a bid to woo voters."

Vineet Nayar, CEO and vice chairman of HCL said, "If you look at the three issues which impact growth right, the Fundamentals, the Confidence and the Policy. They are broken both in Europe and US. The only places with strong fundamentals are India and China."

S D Shibulal, MD and CEO at Infosys commented on the outsourcing issue in the US.

"If you look at the country (United States), it is a very pragmatic society with very pragmatic decision making time. There is a lot of debate and there is a lot of discussion and both views are always heard. So I clearly believe that whatever decisions will be taken, they will be balanced decisions," he said.

German chancellor Angela Merkel said, "We (in Europe) are no longer using excuses ... otherwise we will lose reputation, over the next two years we will have more integration, we will need to create more jobs,"

Ashwani Kumar, MoS for science and techonology said,"The world lives on hope and there is nothing wrong on hoping. We do hope to pursuade our coalition partners we do hope to carry convinction the opposition because certain agendas really at the end of the day are national agendas."