
In the present globalised and highly competitive environment, only nations with fast decision-making capabilities are likely to catch the opportunities for development and investment. Reform is urgently needed. Or the present system of spoils and political patronage in the garb of seniority could ensure the collapse of what Lord Nicholas Kaldor, Dr Singh’s teacher at Cambridge, 50 years ago referred to as the key decisionmakers of a nation.
shishir.gupta@expressindia.com