End policy paralysis fast: Ambani to UPA

Speaking at the opening session of the annual Indian Chapter of the World Economic Forum WEF here,Ambani said the corporate sector wants both the central and state governments to 8220;align and move a lot faster8221;,remove the mismatch prevailing in their approaches,and speed up the decision making process.

He said the private industry has now become a driver,from a facilitator,of India8217;s economic growth.

8220;I think there is a mismatch. We are both heading to the same direction and sometimes,like you have seen in the US and Europe,that8217;s the price of democracy,but we shouldn8217;t put a thing by saying that because the institutions of democracy are there,we will be paralysed.

8220;And because there is an opposition and a party in power,we would do nothing. That8217;s what worries me,8221; he said,while urging for a minimum agreement to deliver on the expectations of the people.

Ambani,head of India8217;s largest corporate entity Reliance Industries and the country8217;s richest person,also acknowledged that the government was taking steps in that direction.

Paralysis in policy decisions and government inaction on important economic issues has been a matter of debate in the recent past,with many industry leaders seeking urgent steps from policy-makers to tackle the problem.

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