IN­DIA NEEDS TO IN­NO­VATE FOR A BET­TER TO­MOR­ROW: GOYAL

Resource Digest - - NEWS IN BRIEF -

In­dia needs to in­no­vate and work to­wards a bet­ter to­mor­row rather than rest­ing on the as­sump­tion that ev­ery­thing is good, Power and Coal Min­is­ter Piyush Goyal has said. Goyal was re­act­ing to re­marks made by vis­it­ing Har­vard Busi­ness School pro­fes­sor and econ­o­mist Michael E Porter who said, ‘Busi­ness en­vi­ron­ment in In­dia is bet­ter but not good’.

“As (Michael) Porter said things are bet­ter but not good. And I am de­lighted that you said be­cause the day you start think­ing that things are good, I think that will be the end of all think­ing about in­no­va­tion on fur­ther im­prove­ments to the work­ing of the govern­ment,” the min­is­ter said.

He was ad­dress­ing In­dia’s Na­tional Com­pet­i­tive­ness Fo­rum. “I think that it’s im­por­tant that we con­tin­u­ously be in a state of flux in a jour­ney to­wards a bet­ter world. I would think get­ting bet­ter than what we were is go­ing to be the way for­ward,” he said.

The good, he said, will al­ways re­main the long way ahead be­cause the ob­jec­tive and style of this govern­ment have been to set very ag­gres­sive goals and very large tar­gets.

“Look at things to scale, do your pro­grammes skill­fully and the im­por­tant thing at the end of the day is eco­nomics of money which should be good for the peo­ple of In­dia,” he said.

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