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Senior leaders in the two pan-India political parties should ‘agree on an economic agenda’ for growth and not act as a stumbling block to each other, according to N. Sankar, Chairman, Sanmar Group.
Without naming the two political parties, Sankar, referring to the Congress and the BJP, said both have similar economic policies.
But as opposition parties, each stymie the other leading to ‘policy paralysis.’
Senior leaders have to come to arrive at a ‘tacit understanding on co-operation’ in critical economic policies while ‘fighting tooth and nail’ on others, he felt.
Bold policy initiatives
Addressing the 86th anniversary of the Andhra Chamber of Commerce, he has said the perception of India among external and domestic investors has been eroded and investments have hit a new low.
Unless the Government implements bold policy initiatives, India will go back to the crisis ridden days of the early 1990s.
Clearances expedited
Infrastructure bottlenecks have to be addressed and project clearances expedited for economic growth, he said.
In the context of the envisaged bifurcation of Andhra Pradesh, the Andhra Chamber should ensure adequate regional representation, Sankar suggested.
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