This refers to the editorial, “Incentive and subsidy” (February 1). Prime Minister Narendra Modi has rightly signalled to the captains of industry to enhance investment in the backdrop of various tax incentives enjoyed by them.
Government initiatives like Make in India and Start-up India and subsidy rationalisation are steps in the right direction. It is now incumbent upon the private sector to seize the occasion and generate economic activity and employment to maintain a high level of growth in a bleak global economic scenario. This will give the much-awaited boost to the Indian economy.