India needs a ministry like DOGE, says Neelkanth Mishra

Neelkanth Mishra, Chief Economist at Axis Bank and Head of Global Research at Axis Capital

Neelkanth Mishra, Chief Economist at Axis Bank, Head of Global Research at Axis Capital and UIDAI Chief, said in a fireside interaction at Moneycontrol's Global Wealth Summit 2025 that  India also needs a ministry like the DOGE in the US.

"For a an economy that's seven times our size, the US has lesser ministries as compared to us. Clearly, as the world moves towards industrial policy, we need to have a better aligned government structure. We definitely need a government restructuring in that case for us to be more competitive," said Mishra.

Anish Shah, Group CEO & MD, Mahindra Group was also part of the discussion which focused on "India’s Road to $10 trillion M-cap by 2030".

Catch LIVE updates of Moneycontrol's Global Wealth Summit

Adding to Mishra's view, Shah, looked at the government structure with the lens of the corporate structure. "The key fact is efficiency, think about it how we take it in the corporate sector," Shah said.

"We need to look at the government structure from a corporate standpoint. Are we running things efficiently, are we enabling each function in the business at a level where it meets its aim of serving the customer well," Shah added.

Shah also applauded the government for its efforts to improve efficiency in the last few years. "We have seen a focus on driving ease of doing business. But we also have to remember that in a democracy that there are multiple stakeholders, so the need for efficiency should never go away," he stated.

President Donald Trump appointed tech billionaire Elon Musk to lead a major federal restructuring through the newly established Department of Government Efficiency (DOGE).

Created by executive order on Trump’s first day in office, DOGE wields unprecedented authority to streamline federal operations. Within just weeks of its creation, it has initiated mass layoffs, shut down agencies, and dismantled entrenched bureaucratic structures.

Cost of liquidity high, RBI needs to inject Rs 2-3 trillion to ease liquidity conditions, says Neelkanth Mishra

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.