Is There a Leadership Vacuum in India?

Bangalore: Policy paralysis, governance deficit and economic regression – the corporate houses feel India’s economic reforms are stalked and that just reflected in the letter sent to U.S. President Barack Obama by the apex body of American corporate.

In a letter to Obama, the U.S. India Business Council (USIBC) voiced its disenchantment over the investment climate in India, “there is a "vacuum" at the Centre and political power is devolving to strong state leaders.” In a secret memorandum sent to the White House, it said, "What is apparent is that political power is devolving to strong state leaders, and the vacuum at the Centre is allowing forces in government to move on issues that are harmful to India's investment climate."

"The Compulsory License case, the Procurement bills, the effort to expand the Essential List of Medicines are all examples where there is little political benefit, which indicates that the bureaucracy has a hand in moving these initiatives,", the USIBC Chairman Harold 'Terry' McGraw III, said in a letter to Mike Froman, deputy national security adviser to the U.S. President.