Too Many Obstacles To Biz In India, Need Less Suspicion & Micromanagement: N Chandrasekaran

India is fraught with micromanagement and suspicion, and upping the growth trajectory requires removing the obstacles that impede businesses, Tata Sons chairman N Chandrasekaran said on Thursday.

Growth cannot come by merely pushing people to move fast and requires a transformative vision and a change in the culture, the head of the $110-billion conglomerate said, delivering the Nani Palkhivala Memorial Lecture here.

The comments come amid a slide in growth to a decadal low of 5% expected for current fiscal, and also years after the Narendra Modi government made ease of doing business as its priority, along with a commitment to less of government.

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“We need to reimagine our economic and business culture. Culture is most critical. 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,” he said.

Source: livemint

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