Work-in-progress. We must give the Government more time

Excerpts from interview on the Government so far, featured in the Economic Times cover story.

Jul 07, 2015 03:07 IST IIFL Amar Ambani |

While the problems related to Lalit Modi and IPL are not disturbing me, it is something that cannot be wished away. To some extent it will distract the government but I do not think the PM is going to be spending too much time on this or even talk about this. Soon these will be forgotten. I feel these IPL related issues are urban issues that do not have an impact in rural India.
 
What happened in 2014 was a confluence of emotions — people disgusted with the earlier government and those who saw hope in Modi came together and this verdict was possible.
 
The verdict in itself was a recipe for disappointment. It was not humanly possible to make good on every hope or promise within a year.
 
On top of that, Narendra Modi’s oratory led people to believe that improvement was at hand. You see, when a product is launched, first the product itself is mastered and then it is put on shelves and marketing starts. Here, on the other hand, the marketing was so good and yet the product was either not ready or was not on the shelves. I believe this is still work in progress and we must give this government one more year and he actually has full five years to deliver.
 
He has already initiated small changes which are yet very crucial. Campaigns like Swachh Bharat, Selfie with Daugther, Digital India, Make in India and strengthening the Aadhaar programme tell us that this government is aware of the direction it must take. The question being asked is why are companies not investing more. This is a complex question and we must realise that a lot of infrastructure projects are stuck. There is a heavy burden of debt. Yet on the other hand because of measures like transparent auctioning of coal blocks, there is a perception that ease of doing business has improved in India.
 
Excerpts of interview from Economic Times cover story

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