Since the time he was elected, the premier and his team are making a sincere effort to bring about a paradigm shift as to how India conducts business. The decadent era of absolute stillness well almost needs a magnanimous effort in the right direction if the country has to move in tandem with the developed World.
No easy task this, the first signal of intent was brought to notice whence the government decided to bring around a change in the stagnating labor laws. These laws have not seen the daylight since the days of the Raj. Albeit heavily in favor of the work force they did not provide even an iota of encouragement to the business fraternity.
It is not easy to go about rectifying stagnancy in the governance but nevertheless the Damocles sword that hanged over business practice in India hindered growth out of draconian penal fear and uncertainty. However much the developed World pressurizes for level playing field, keeping the ground situation is mind the turn about should come in a reasonable time...after all pros and cons have been taken into consideration.
The emergence of a right lobby is looming over the head and challenging secular and liberal promises made in our constitution. This is detrimental to our image abroad. Investors not only keep business propositions in mind but also the atmosphere prevailing in the country. Hence the direction the Nation is moving towards is of utmost importance for those willing to invest large sum of money and secure the future of their enterprise.
Most of the policies and systems are based with heavy flavors of socialism shaped during the cold war. The CEO fraternity belonging to major corporate views with much reservation the opening up of India. This was evident in the recent visit of the Prime Minister and subsequent meetings with them in USA.
The emergence of a right lobby is looming over the head and challenging secular and liberal promises made in our constitution. This is detrimental to our image abroad. Investors not only keep business propositions in mind but also the atmosphere prevailing in the country. Hence the direction the Nation is moving towards is of utmost importance for those willing to invest large sum of money and secure the future of their enterprise.
Most of the policies and systems are based with heavy flavors of socialism shaped during the cold war. The CEO fraternity belonging to major corporate views with much reservation the opening up of India. This was evident in the recent visit of the Prime Minister and subsequent meetings with them in USA.
The red tape, bureaucratic arrogance and lethargy, inherent corruption, inexplicable delays and abeyance of futuristic imperatives have discouraged direct foreign investment in the country. This is further acerbated by frequent strikes, irrational political opposition and the skewered attitude prevailing in the arena towards governance.
No party is unaffected by the populist measures required to please various aspects that keep a party in power. To really stem the rot the Government has to look askance and take step amenable to conduct business in India .
Albeit labor welfare cannot be neglected, but at least the atmosphere should create a malleable ambiance. This is imperative for a fast growing economy if it has to stay that way. I hope the present Government at least does away with the paralysis that historically evolved since independence...without pointing a finger at any element.
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