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End policy paralysis: India Inc MUMBAI: India Inc on Sunday urged the government to speed up stalled economic reforms, warning that policy paralysis threatened to derail the India growth story. Speaking at the opening session of the annual India Economic Summit of the World Economic Forum (WEF), Reliance Industries chairman Mukesh Ambani called upon both the central and state governments to align and move a lot faster, remove the mismatch prevailing in their approaches, and speed up the decision making process. He also called for a dramatic shift in the governance model for better partnership between the government and the private sector in delivering more value to each other, and the society at large. There is a need for a shift in governance from 20th century to 21st century decision making... We need to get a minimum agreement in terms of saying that at the end of the day we are there working for all people and we have to have a pathway to move into the 21st century governance so that the rules are redefined and we can meet the aspirations of the millions of our young people, he said. Back |
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