MUMBAI: Former Reserve Bank Governor Raghuram Rajan Wednesday questioned the ‘minimum Government and maximum governance’ promise of the Narendra Modi regime, saying the State has gained more power sans any checks and balances and has created too much inefficiencies in its wake.
This has led to a “dependent and pliant” private sector which has no choice but to applaud every decision of the Government, the noted economist said.
“The question is, how far have we come on that (minimum Government and maximum governance)? I think we continue to rely too much on the bureaucracy to do many things,” the academic said at the city launch of his new book ‘The Third Pillar’ here this evening.
“The scope of the government is something we will have to examine sooner, rather than later, because today it does too much too inefficiently,” he said. (AGENCIES)