Business Standard

Unquoted fears

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Business Standard New Delhi

Industry representatives may be bitterly critical of the lack of progress on economic reform but curiously reticent when it comes to plain speaking about the government's non-performance. Responding to a question on why Indian companies are investing in assets abroad, a senior official of an industry lobby said, "It's better to be a second citizen in another country where our demands and requirements are respected than a first citizen in our own country." Great quotable quote for journalists but when his outrage subsided, the official immediately requested the statement be "off the record".

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First Published: Mar 14 2012 | 12:58 AM IST

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