View: It is the little things that usually deter India from fulfilling its true economic potential
A thorough benchmarking exercise, at all levels of government, even if it’s not linked to the career paths or performance assessment of officials, will bring greater awareness.
Synopsis
While the big things certainly work in India’s favour, it is the ‘little’ things that usually put a spanner in the works. That could change if the entire machinery of government emulated the PM in putting investors first. In every successful economy, governments court investors, not vice-versa.
By Dhiraj NayyarPrime Minister Narendra Modi knows what is good for the economy. While chairing the Virtual Global Investor Roundtable (VGIR) 2020 Conference on November 5, and addressing global fund managers with assets of more than $6 trillion under management, he did a hardsell of the big things: democracy, demography, demand and diversity, and for good measure added a commitment to a ‘green’ approach. And while the big things certainly work
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