Paralysed Govt Immobilises Corporate India

India Inc is in a fretful mood.Businesses fear that reforms will be pushed back till the next elections.While some hope that the government may flirt with a few measures after the Uttar Pradesh polls,there are unsaid concerns that populism will surge and fiscal deficit may shoot as the country approaches the general elections.Are companies changing tack as they read the writing on the wall It will be a long pause before the next elections.On every count,the process of making infrastructure investments has been decelerated, says Ravi Uppal,CEO & MD of L&T Power.Uppal,whose company makes supercritical power turbines and boilers,puts the onus of the current dismal scenario on policy impediments,cost of funds,non-availability of coal blocks and environment policies.It is our own making.

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