Moneycontrol
May 26, 2016 01:39 PM IST | Source: CNBC-TV18

You can't suddenly get rid of the public sector: Modi

In an interview with Wall Street Journal, Modi said his government has undertaken the maximum number of reforms since his party came to power but an enormous task lies ahead.


Prime Minister Narendra Modi completed two years in office this month. Like US President Barack Obama, Modi also rode to power on “audacity” of hope. While his government has kept himself busy announcing a slew of reforms like the Bankruptcy Code, a few major ones like the GST Bill still awaits the light of day.

In an interview with Wall Street Journal, Modi said his government has undertaken the maximum number of reforms since his party came to power but an enormous task lies ahead.


Praising India, he said, the country is longer standing 'in a corner', he said. The key reform bill yet to be passed is the GST Bill this year, he said,adding that it is up to the states to pursue land reforms. This land reform bill would benefit both the industry and the labourer, he said.


He highlighted the fact that both public and private sectors have an important role to play in developing a country.

"You can’t suddenly get rid of the public sector."


Among the reforms already enacted, and put in place, he said a roadmap for accelerated growth of the economy has been laid out.


His government has also made changes to curb corruption and fill gaps in rural India.

On the question of Big Bang reforms, a few of which have come under his leadership, he said he used to sit down with experts to know just what it meant.

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