- Growth must not come from pushing hard. There is no point to tell people 'drive fast, drive fast, drive fast'. It (growth) will come by removing obstacles.
- A transformative vision which will ensure we move away from a controlled vision of micromanagement. It is the need of the hour.
- There is a massive risk aversion within the system, which has led to an "undesirable equilibrium" where it is safer to avoid or delay decisions.
- Achieving growth inherently involves risk taking and we need to applaud the risk takers, he said.
- India is fraught with micromanagement and suspicion, and upping the growth trajectory requires removing the obstacles that impede businesses.
- People who work hard and honestly are put through enormous difficulties and Indians excel in making an ordinary task into an extraordinary one.
- We need to re-imagine our economic and business culture. Culture is most critical.
- The biggest aspect which India needs to sort out at the earliest is ensuring that we deliver jobs for the society at large, he said, warning that 90 million people will be joining the working age in the new decade.
- Referring to the government's $5 trillion GDP target, he said none of the milestones can be achieved without ensuring educated, skilled and vibrant workforce.
- He also advocated policy efforts on sustainability, inclusion, health and education, and added that creativity, collaboration and problem solving become the "second nature" for the youth.
References
rediff.com
https://www.rediff.com/business/report/too-many-obstacles-to-biz-in-india-tatas-chandra/20200116.htm
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