News: Business tycoons tweet frustration over policy drag

C-Suite

Business tycoons tweet frustration over policy drag

Business tycoons are venting their frustration at the wrangling and perceived policy foot dragging among the country's politicians that they say could hold back the country's economic rise. Some commentators now fear Prime Minister Manmohan Singh could roll back or water down one of his biggest reforms in years due to political pressure. Such frustration has been echoed by some of India's most prominent magnates, in a year when the government has struggled to fend off perceptions of policy paralysis amid a slew of corruption scandals that sent prominent politicians to trial.

Business tycoons are venting their frustration at the wrangling and perceived policy foot dragging among the country's politicians that they say could hold back the country's economic rise. Some commentators now fear Prime Minister Manmohan Singh could roll back or water down one of his biggest reforms in years due to political pressure. Such frustration has been echoed by some of India's most prominent magnates, in a year when the government has struggled to fend off perceptions of policy paralysis amid a slew of corruption scandals that sent prominent politicians to trial.

As a matter of fact, shouting matches and walkouts over a reform to allow foreign retailers into India's supermarket sector have shut down parliament for the past week. Business leaders openly fret that the government may be squandering India's chance at the big time.

Source: Reuters

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Topics: C-Suite, #Updates

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