“In India, if you want to arrest somebody, it merely takes three hours to pass that order. But the appointment of a transaction advisor takes seven to nine months!”
Economist Dr Rathin Roy minces no words in lambasting the inefficiencies of Indian bureaucracy. He says further, “We have a strong Home Ministry because Indian politicians and bureaucrats understand only coercive relationship with citizens”.
In this exclusive interview with The Quint, Dr Roy decodes and explains the reason why Indian economy lacks the required push from all stakeholders.
Dr Roy also says that the tall promises made in any budget come to nought because of the slow pace at which files move in ministries. He is particularly critical of the fact that despite booming markets, Indian government could not meet the divestment targets in the financial year 2020-21.
Dr Roy lauds Finance Minister Nirmala Sitharaman for her courage in presenting a budget that shows widening fiscal deficit. He appreciates…