The global slowdown offered the Indian government an excellent opportunity to woo investors. Instead, points out corporate lawyer Harish Salve, "Not only have we scared away foreign investors, we have scared away even Indian investors. They are worried about investing in their own country."
The Group of 14 eminent citizens (drawn mostly from business), in their letters to the nation's leadership, have said India Inc is tired of being harassed by a system that expects them to pay bribes. Bureaucracy on one hand and random investigations on the other have had a depressing effect on corporates. "Why put CEOs in jail," asks Rahul Bajaj, the outspoken chairman of the Bajaj Group. The arrests in the recent 2G scam have had India Inc on the run for months, especially since the bail pleas of promoters and senior executives were repeatedly rejected. "Till they are convicted, why are they in jail? If you want them for interrogation, take away their passport. The only argument CBI gives is that they will tamper with evidence but that's no logic."
If the corporate & business leadership is scared like this just because of the governmet that itself gets scared by the opposition parties, who will run the business and who will run the government?