He also described the 'tension' between the government and the Opposition as worse than that during the Emergency and said BJP should walk "more than halfway" and Congress must accept the friendship to avoid losing even those votes it got the last time.
The Bajaj Auto Chairman, who is known to speak his mind, said here at the Economist India Summit that the Modi government was sending out conflicting signals on reforms ever since it took charge.
"The Finance Minister (Arun Jaitley) said that in 15 months you can not expect magic... Because the Upper House is not functioning and unions will come in way of decisions... (but) the then Prime Minister Narasimha Rao did that in 1991 in one year," Bajaj added.
He said major reforms, including the GST, would not happen unless the two parties come to an agreement.
Criticising the the behaviour of both BJP and Congress, he said, "They do not know what they do... The basic. Both have responsibilities."
"Relations between Congress and BJP, the government and Congress have become pretty bad... The tension is worse than during the Emergency of 1975-77," Bajaj said.
Suggesting reconciliation, he said: "I believe that the ruling party should extend the hands of friendship and cooperation (walk) more than halfway and Congress must accept. Otherwise they would not even get the votes that they got last time.
