The most significant reform to have happened in the past decade is getting in private players in banking, insurance, telecom, petroleum and aviation. But we have to tackle labour laws, corruption and the bureaucracy. The Land Ceiling Act in Maharashtra must go. I expect India to do well across the board in the future.
Adi Godrej, chairman, Godrej group
Reforms pace has been slow in the past decade with all the government changes. But economic policymaking is now in the hands of experienced people. With infrastructure development in focus, manufacturing will grow to its potential. Indian MNCs from auto and parts, metals, software, pharma are the future.
B. Muthuraman, MD, Tata Steel
Since ’95, reforms have been hesitant. They haven’t gone far enough to...