Asking the government to speed up its decision-making process,India Inc today sought steps to end the notion about policy paralysis and to evolve a new governance model to meet people’s expectations.
Noting that the country was losing because of delays in the policy decisions that needs to be taken quickly,the corporate leaders suggested a greater partnership between the government and the private sector for better value creation.
Speaking at the annual Indian summit of World Economic Forum here,the policymakers and industry leaders also sought concrete steps to safeguard the country’s capital flows from the economic crisis in Europe and elsewhere globally.
The also urged the other nations to guard against any protectionist measures globally.
Leading industrialist Mukesh Ambani urged the government to move faster in its decision-making and to put to rest any notion about policy paralysis due to political constraints.
Expressing similar views on the perceived policy paralysis,industrialist and Congress MP Naveen Jindal also said that it was the duty of the government to take the decisions quickly.
“Decisions that need to be taken quickly are getting delayed. This is a loss to the country,” he said.
Acknowledging that the government was taking steps in the right direction,Ambani said that a dramatic shift was required in the governance model to meet the expectations of each citizen and noted that political excuses should not come in the way of policy decisions.