"After all, he faces an accumulation of inherited issues and there is no gain without pain. I hope he will continue to be resolute because there is no other way to achieve his goal of a five trillion dollar size economy. Unless we move rapidly towards this target, the population base of India will overwhelm economic progress and produce results that nobody wants to see," he said.
He noted that just as Prime Minister Modi has been masterful in mobilising political India, "I hope that he will be able to mobilise corporate India."
"All of you know the enormous potential of mobilising private enterprise. Right now, I believe that it is make or break time and we should give a lot more time to focus on creating this momentum. Just look at it this way: in recent times, has any economy been successful without mobilising private enterprise?"
"The challenges of managing an economy with all these constraints present demands that no other government on earth has to accommodate. That is why I sometimes think that we should be a little more generous in our critical analysis. To me it is a wonder that we have come so far," he said.
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