What about improvement of the nation's physical infrastructure? What can the government do? Or does it need a public-private partnership model?
You know the record of public private partnership PPP in India has not been very good. I do agree that we need better infrastructure and that we should not put the entire burden on the public exchequer.
But if all political parties come together and say whatever contracts are signed with the private parties will be honoured, no matter whether government 'A' or 'B' is in control. That is needed.
That will raise the confidence of the private party that their contract will indeed be honoured and then they can take more risks: they can take huge bank loans, they can put up front money.
But if the private party is not certain that the next government will honour what has been agreed to by the previous government, then it's very difficult.
Is that what is hurting the infrastructure today?
You know what's happening in many places. I don't want to comment on that any further.
Image: A file photo of Narayana Murthy in his office cafeteria during lunch time. | Photograph: Savita Kirloskar/Reuters
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