Happening Haryana Global Investors Summit |
Sending a stern message to states to pursue reforms, India`s finance minister Arun Jaitley said either they should “reform or perish” as investors do not like an environment of policy paralysis or uncertainty. He added those who don’t reform, those states are going to be at a disadvantageous position and those who are in a position to offer a more favourable business and political environment to the investors, certainly those states are going to benefit. Reform or perish couldn’t be more true than it is today. The investors are not philanthropists, they are business people and for every dollar or rupee of investment that they make, they will weigh each possibility, they will take each factor into consideration which they will include in their investment decisions and therefore if there is an environment of paralysis or uncertainty, policies are not reforming, investors won’t be enthused to invest. Jaitley said at the Happening Haryana Global Investors Summit on march 7.Referring to the recent agitation by Jats in Haryana to demand reservation, which caused huge losses to businesses in the state, Jaitley said “dark clouds are over” and the state of Haryana should consider more investments for more townships, more highways and more educational institutions.
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