Aside

India’s business community getting impatient

deepakparekhNEW DELHI: Pitching for relaxing “administrative controls” to improve ease of doing business, top industry leader Deepak Parekh has said that impatience has begun creeping in among businessmen as nothing has changed on the ground in first nine months of the Narendra Modi government.

He said the industry is still optimistic about the changes it expects from the Modi government, but optimism is not translating into revenues and there has been little improvement on the “ease of doing business” front so far.

Parekh, who is known as a guiding voice of the Indian industry and has been on a number of key government panels on various policy and reform matters, further said that “Make in India” can’t succeed unless it is made easier for people to do business here and the decisions are fast-tracked.

“I think there is still a lot of optimism among the people of the country and among the industrialists and entrepreneurs that the Modi government will be good for business, for progress, for reducing corruption… However, after nine months, there is a little bit of impatience creeping in,” he said. – From The Asian Age

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