Maharashtra Economic Development Council महाराष्ट्र आर्थिक विकास मंडळ

Facing the fear factor

27 APR,2020 | MEDC

The government has acted wisely in allowing select businesses to resume operations in specifically designated areas from April 20. However, a strong fear factor continues to pervade many industries operating in various parts of the country as some rules attached to the resumption of economic activity in India continue to remain ambiguous. Some of industry’s concern is genuine, as discretionary rules give huge powers to bureaucrats and often result in harassment. It is important to ensure that such adverse working conditions do not take India back to the inspector raj era, as that will only increase the distrust between the private and the public sectors. But it is unlikely that such a scenario will now arise. We now have a progressive government both at the state and the Centre, and they fully realize that businesses across sectors are undergoing severe stress and difficult conditions can further aggravate the situation. As far as trade and industry is concerned, fear is not the key … confidence is the key.

*Photo Credit: Google

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