A debate on what ails the economy should acknowledge the problems of India Inc | The Indian Express

A debate on what ails the economy should acknowledge the problems of India Inc | The Indian Express

Written by Rama Bijapurkar |Updated: September 14, 2019 1:57:21 pm

Bijapurkar is the author of We Are Like That Only and A Never-before World: Tracking the evolution of Consumer India.

A debate on what ails the economy should acknowledge the problems of India Inc

This debate is not for the macro economists and stock market analysts alone. It is also about the values we want as a society (the question whose India and whose society should also be addressed).

India Inc is promoter-driven and much of it is promoter (or shareholder) managed, and there is little separation between ownership and management.

Debating solutions without acknowledging the problem isn’t always helpful, nor is a bird’s eye view macro analysis of the economy without a worm’s eye view from the trenches of business. People say “5 per cent is 5 per cent and there’s nothing to debate about it,” but indeed there is.