The government needs to do much more to boost growth, business tycoons, top bankers and ministry officials said at the India Economic Summit held in Mumbai on Sunday. Reliance Industries chairman Mukesh Ambani called upon the governments to move faster to ensure economic development. “The central government and the state government need to align and move a lot faster. In today’s world of aspiration, people want everything to happen now.” Speaking at the 27th edition of the India Chapter of the World Economic Forum, Ambani also stressed on the need for better governance. Chief minister Prithviraj Chavan seemed to concur, but cited the difficulties. “The big challenge before the political system in India is managing the diversities in the country. It is very difficult to satisfy fast movers’ needs,” he said. Top industrialist Rahul Bajaj minced no words while opposing any bailout attempt by the government for the debt-ridden Kingfisher Airlines. “Those who die, must die,” he said. “I don’t see any logic of bailing out any private sector company, either for the sake of its employees or customers.” Drawing attention to high inflation and high ...
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