New Delhi: Anand Mahindra, Chairman of Mahindra & Mahindra on Wednesday urged the government to stand its ground and not fall back on reforms amidst protest from its allies and oppositions.
Anand tweeted on Wednesday, “Again, we urge the Govt to stand its ground.Right-thinking Indians will be less than amused by partisan politics in a fragile economy” (sic).
Opting for big-bang reforms, the government last week allowed politically-risky 51 percent FDI in multi-brand retail, 49 percent investment by foreign airlines in aviation sector and sale of equity in four PSUs.
The slew of reforms decided upon include raising FDI cap in broadcasting from 49 percent to 74 percent and allowing foreign investment in power exchanges.
On Tuesday, he had tweeted, “The recent spate of reforms will be a force multiplier if they become a wake up call to clear Decision Deadlocks in every part of Government” (sic).