Indian - Politician | June 13, 1964 -
I am still fairly confident we will come out better than the West in terms of our overall development versus damage.
Piyush Goyal
I AmConfidentBetterDevelopment
I'm not crying over surplus capacity... Surplus capacity is good for India. Surplus capacity means we can get more investors, can get more households and promise them 24/7 power.
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I have very often held a view - and I am public about it - that if you run your operations inefficiently, you can't expect your consumer to pay for your inefficiencies.
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As more and more money is coming into the formal economy, one can look at more attractive tax rates and lower tax slabs. Even if half the people who were in the informal sector move in to the formal economy and more taxes get collected, more money can be spent on the welfare.
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We cannot have a system that everything can be passed on to the final consumer in the garb of cost being recovered without being sensitive to their own problems and affordability.
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Ramifications of small decisions can be pretty large.
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Centrally, I cannot interfere in states.
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I will reach out to all states uniformly... I can assure you I will take two steps for every step they extend.
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I am very friendly with the people of India, and corporates are also a part of that.
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Indians have become very demanding. Gone are the days where you could get away with power outages.
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Politics is involved when you don't tackle inefficiency and burden people with higher tariffs.
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I can't tell the people of India that we'll burden you with high costs because the West has polluted the world, now India will pay for it. Not acceptable to us.
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