What have been the most significant reforms that have happened in the past decade? | |
| % | |
Trade liberalisation | 69 |
Financial sector reforms | 59 |
Foreign direct investment | 44 |
Telecom reforms | 44 |
Simplification of tax system | 44 |
FERA liberalisation | 34 |
End of Licence Raj | 31 |
Disinvestment | 9 |
Lower interest rates | 9 |
Power sector reforms | 6 |
MRTP abolition | 6 |
Less bureaucracy | 3 |
Reforms in land dev./housing | 3 |
What are the vital areas where reforms have been inadequate? | |
Labour laws | 56 |
Infrastructure | 50 |
Education | 28 |
Agriculture sector reforms | 25 |
Power | 25 |
Corruption | 22 |
Government expenditure | 16 |
Bureaucracy | 16 |
Taxation | 13 |
Population control 9%, Privatisation 9%, Healthcare 9%, Subsidies 6%, Land reforms 6%, Financial sector reforms 6%, Rural employment 6%, Reduce deficits 6%, Full convertibility 3%, Intellectual property rights 3% | |
Have economic reforms mainly helped the upper and middle classes? | |
Yes | 59 |
No | 41 |
Yes. But its important to note that before wealth can be distributed, it must earned. | |
No. Have-nots are not depending on breadcrumbs any more. | |
Have reforms made a major dent in poverty? | |
Yes | 56 |
No | 41 |
Lack of sustained commitment to reforms is what hurts the poor most. | |
Now, since wealth is being created, poverty will definitely be affected. | |
How different is doing business now from how it was 10 years ago? | |
Easier | 56 |
Far easier | 38 |
Still difficult | 6 |
Its easier...but still far more difficult than any country worth comparing against. | |
The politician-bureaucrat nexus is still to get its hands out of the till. | |
Could the reforms have happened far faster in the last 10 years? | |
Yes | 94 |
No | 6 |
We could have achieved the same in seven years. We underperformed by 30%. | |
Considering our population and complex problems, we couldnt have done it faster. | |
Are you upbeat about the current regime? | |
Yes | 56 |
No | 25 |
Don't Know | 16 |
With the Left, this regime in running a three-legged race with blindfolds. | |
This regime is running like a vehicle with brakes on while accelerating. | |
What is your outlook on the Indian economy? | |
Excellent | 16 |
Good | 72 |
Not so bad | 9 |
Don't know | 3 |
The Indian economy has a far greater potential, but it is performing poorly. | |
I think we can look forward to a decade of high growth and prosperity. | |
Which are the sectors that you are most confident will do well over the next decade? | |
IT and ITES | 47 |
Automobile and auto components | 31 |
Tourism | 22 |
Telecom | 19 |
Textile and garments | 19 |
Steel | 19 |
Cement | 16 |
Housing | 12 |
Banking | 12 |
Pharma | 9 |
Biotech | 9 |
Aviation | 9 |
Healthcare | 6 |
Infrastructure | 6 |
Agri-based industries | 6 |
Chemicals | 6 |
Light engineering | 3 |
Insurance | 3 |
Entertainment | 3 |
Do you think a stable government is essential for high economic growth? | |
Yes | 81 |
No | 19 |
No. What we need is to delink politics from economics. | |
Yes, a stable government not influenced by smaller parties is essential for growth. | |
Are you happy with a government with the Leftists as partners? | |
Yes | 28 |
No | 63 |
Don't Know | 9 |
They arent anti-reforms per se, but want to be told before any economic moves. | |
They should visit China and learn, or live in Cuba and let us live. | |
How many Indian MNCs do you expect to see in 2015? | |
Less than 50 | 16 |
50 to 100 | 32 |
Between 101 to 500 | 19 |
More than a thousand | 22 |
Dont know | 13 |
How would your sales and profitability be different if a) government policy is liberal reformist, and b) policy aims to appease all influencing parties? | |
No difference | 9 |
Up to 5% difference | 25 |
5-10% difference | 44 |
More than 10% | 16 |
Dont know | 6 |
Would you agree to having reservations in the private sector? | |
No | 78 |
Yes | 6 |
Don't Know | 16 |
We should give preferential education to economically weaker sections. | |
Industry has a responsibility to society. But compulsions wont work. | |
What will Indias GDP growth rate be in 2015? | |
GDP growth rate | |
10% | 34 |
5% | 13 |
7-8% | 28 |
Above 10% | 16 |
DK/CS | 9 |
Where do you see India vis-a-vis China in 2015? | |
China way ahead | 44 |
India not far behind China | 34 |
India on par with China | 6 |
India ahead of China | 6 |
DK/CS | 9 |
China will be far ahead as they have a single-minded vision, no Leftist parties(!). | |
If we can sustain double-digit GDP growth from 2007, well overtake China. | |
What in your opinion are the biggest bottlenecks to India achieving sustainable 8 per cent GDP growth every year? | |
Poor Infrastructure | 63 |
Bureaucracy | 31 |
Politics | 31 |
Labour laws | 25 |
Education | 22 |
Wasteful government expenditure | 19 |
Population | 13 |
Corruption | 13 |
No thrust on R&D | 6 |
Interest rates | 6 |
Agricultural sector reforms | 3 |
Rural credit and finance | 3 |
Subsidies | 3 |
Communists | 3 |
All figures in percentage | |
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