The petition urges all political parties to end the logjam and begin a consultative and collaborative process for passage of key reforms Bills.
Started by industry body Confederation of Indian Industry (CII) five days ago, the online petition has been signed by top business leaders such as Infosys Co-Founder Kris Gopalakrishnan, Godrej Group Chairman Adi Godrej, Bajaj Auto Chairman Rahul Bajaj, Hero Group's Sunil Kant Munjal and Pawan Munjal and Biocon CMD Kiran Mazumdar-Shaw.
Elaborating on the petition, CII said the parliamentary paralysis can lead to weakening of India's democracy.
"There is a spread of political power between the Opposition and the government in Parliament. Both have an important role to play. Both have responsibility to discuss and resolve political issues... Recent events have been disheartening. They have the potential of eroding popular faith in Parliament," it said.
Apart from industrialists, academicians such as IIM Ahmedabad Professor Piyush Kumar Sinha and IIT Madras Professor Ashok Jhunjhunwala have signed the petition.
