Tata group Chairman Ratan Tata has said that Prime Minister Manmohan Singh must place the country on a growth path once again by implementing promised reforms.
The chairman of the US$100 billion conglomerate said it was “grossly misdirected” to single out the prime minister and blame him for the economic woes that the country is facing at present. “Now is the moment in time our prime minister must break convention, restore government credibility, place the country on a growth path once again by implementing promised reforms, removing roadblocks to growth and controlling crony capitalism,” Tata tweeted.
He said “government action has been too little too late” as India has lost growth momentum over the past 12 months with investment confidence declining and inflation soaring. “But to single out and blame the prime minister is grossly misdirected,” Tata tweeted, saying he was “depressed to see the attacks on India” and “felt obliged to express my feelings.”
Throwing his weight behind Singh, Tata said: the country must be concerned about “the manipulation of policy by power brokers and vested interest groups to meet their self serving desire to continue protection.”
Asking Indians to support Singh, Tata said: He deserves the support of the people of India at this critical time. All eyes are on him here and overseas in what could be his ‘finest hour’ in leading the country to economic prosperity again. He will need to act boldly, to be courageous and to do “the right thing.” For the sake of the country, we all hope he will,Tata said.
Published 19 July 2012, 05:35 IST