Click to play videoNew Delhi: The World Economic Forum is holding India Economic Summit at Mumbai and corporate giants have called for better governance and faster decision making process.
It is clearly Delhi that has dominated the agenda with Indian industry doyens led by Mukesh Ambani sending out a clear message to the government needs to move faster on decision making and policy planning.
"Democracy doesn't have to be an excuse for slower decision making," said Mukesh Ambani.
Bajaj auto chairman Rahul Bajaj said, "Incorrect subsidies, wrong spending, and corruption have led to inflation.”
“RBI shoulds start decreasing interest rates,” said Adi Godrej. The government in turn defended itself.
“I don't think RBI rates is going to come down,” Anand Sharma.
India Inc has reason to be worried. Although India weathered the global slowdown following the sub-prime crisis, there are question marks on how India will sustain its high growth. And that's a question not just India, but even global companies, who're at the Summit want answers to.
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