Why blame India Inc?

Given how important members of India Inc have been quite vocal in their disappointment with the government failing to pass any meaningful legislation or clearing stuck projects for a very long time, it’s not surprising this has annoyed the Prime Minister. In his interaction with them, PM Manmohan Singh chided top industrialists for what he said was adding to the doom and gloom scenario. “It is a little disappointing,” he said, “to hear negative comments from our business leadership or be told that government’s policies are causing slowdown and pessimism. Such comments have added to uncertainty and have emboldened those who have no stake in our economic growth.” Investment and growth, he added, depended upon investor expectations.

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