Making a strong pitch for economic reforms, Mold told fellow G20 leaders at a Retreat here that reforms should lead to simplification of processes and that methods of governance must be reformed.
The retreat was hosted by Australian Prime Minister Tony Abbott at the Queensland Parliament House where the leaders met without aides shortly before the annual summit of the 20 industrialised and major economies kicked off at the Brisbane Convention Centre in the afternoon.
A barbeque lunch was served to the G20 leaders.
"Reform is bound to face resistance...Must be insulated from political pressures," said Modi.
The Prime Minister also made it clear that reform has to be driven by the people and that it cannot be undertaken by 'stealth'.
Asserting that reform must be people-centric and people-driven, he said globally reforms are handicapped with perception of being government programmes and a burden on the people and this needs to change.
Modi felt that reforms should lead to simplification of processes and that governance methods must be reformed.
Noting that reform is a continuous multi-stage process and that it must be institutionalised, the prime minister said it must be technology driven and must have scale and address root causes..
External Affairs Ministry spokesperson Syed Akbaruddin told reporters yesterday that Prime Minister Abbott had specially requested Modi to outline his vision for reforms at the informal meeting of G20 leaders at the retreat in addition to his intervention at the main summit.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)