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Economic plumbing by govt has enthused industry: Kumar Mangalam Birla


Tribune News Service
New Delhi, February 27
Noted industrialist Kumar Mangalam Birla today said there was a conspicuous sense of excitement in the Indian industry over the economic plumbing undertaken by the government to push economic reforms to a higher-growth trajectory.
“I think of 2021 as the new 1991 in terms of impact of reforms. Since 1991, reforms were incremental but the recent months have been a departure with the consolidation of labour laws, new farm sector laws and a clear-cut framework on privatisation. This showed palpable conviction and boldness from the government which is unprecedented.”
Birla was having a virtual fireside chat with veteran diplomat Gautam Bambawale on the second day of the virtual Asia Economic Dialogue helmed by the MEA and Pune International Centre. Enthused by the economic headwind, his $50 billion Aditya Birla Group was investing $ 2.8 billion (Rs 280 cr) in capital expenditure and there were suggestions that other parts ....

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