Defending the pvt sector

Govt must strengthen the overall regulatory framework

Prime Minister Narendra Modi’s strong defence of the private sector even as he threw his weight behind the government’s agenda of privatisation has sent a clear message that the days of stealthy economic reforms are over. It’s also a refreshing change from the hesitation that had crept in after that famous jibe over “suit-boot ki sarkar”. Replying to the motion of thanks on the president’s address in the Lok Sabha on Wednesday, Mr Modi asserted that abusing wealth creators for votes was no longer acceptable, and that the bureaucracy should take the backseat in the running of factories and businesses.