They started companies, corporations, invested billions of rupees, tried various businesses, screwed it, tried again, screwed it again, listed it, went public, withdrew it, closed it, sold it, restarted it, restructured it, drained billions of rupees, screwed it again! India has witnessed much bravado from its Governments so far. Many of the Governments seemed like they were inspired by Sir Richard Branson’s quote “Screw it, let’s do it”. But the tragedy is that they kept on screwing it but they never did it, not even once! Most of the Governments ventured and experimented with many businesses, which was not their real job. Preceding Governments played the a cameo and a godfather simultaneously. They wore the suits of an entrepreneur alongside a body which governed those entrepreneurs — confusing but true.
Till date, the nation hasn’t understood the benefit we gained because of it. Prior to 1991, before the Indian economy was liberalised, the need for the Government to intervene with businesses by establishing boards and corporations was unavoidable and also because of the then sick economic policies they were forced to monopolise a few streams. Agreed, but is there a real need to continue with it today? No. The economy is open like an open sky and it is a responsible Government’s duty to allow privateers to fly and the Government has to promote and place itself in the higher ranks of managing, governing and regulating those who are flying.
11/07/14 NITI Central
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Till date, the nation hasn’t understood the benefit we gained because of it. Prior to 1991, before the Indian economy was liberalised, the need for the Government to intervene with businesses by establishing boards and corporations was unavoidable and also because of the then sick economic policies they were forced to monopolise a few streams. Agreed, but is there a real need to continue with it today? No. The economy is open like an open sky and it is a responsible Government’s duty to allow privateers to fly and the Government has to promote and place itself in the higher ranks of managing, governing and regulating those who are flying.
11/07/14 NITI Central
