TRANSFORM INDIA /

#ECONOMY & GOVERNANCE

"A key to transforming India is to focus on real reforms which will usher in an era
of transparency and rule of law to create jobs and improve lives"

Rajeev advocates for the creation of a new architecture, a

coherent economic vision, prudent financial management and a
team of credible leaders to ensure revival of the economy. He
believes that there is a need to redefine the role of the
Government and restore credibility of government institutions.

With Transform India, Rajeev has focused on multiple areas

providing solutions and roadmaps to many critical issues
pertaining to the Government of India’s economic and governance
policy decisions. Rajeev’s insight made him one of the first
individuals to raise concerns regarding the ad hoc allocation of 2G
licenses in 2008 – which in the years to come became one of the
main indictments against the UPA government.

Rajeev has asserted the need for reforms in the public sector
banking (PSB) system and has urged the Government to consider
stronger mechanisms for installing an internal culture of
transparency and accountability in decisions taken by PSBs. He
has highlighted the seriousness of the issue of Non-Performing
Assets in PSB’s as it involves Tax payers’ money and advocated
a joint effort by the Government, RBI and the Board of
Management of the Banks.

Rajeev has over the past ten years advocated for an integrated
approach to Economic reforms in the country that address issues
of banking, manufacturing & production and technology &
governance. Rajeev has maintained that most important structural
moves are the creation of a social security net via pension and
insurance, and the MUDRA bank that will also bring the bottom of
pyramid into the economy.

A strong votary for Transparency in Governance, Rajeev feels the

change in the government’s approach towards public assets is in
itself a transformation. Rajeev has maintained that there is a need
for a comprehensive public policy especially when it involves
commercial terms of monetisation of public assets like spectrum,
minerals, natural resources, etc. He firmly believes a public policy
should be based on a simple objective and test of ensuring
maximum benefits to the exchequer and public

A proponent for Independence in monetary policymaking in India

just as it is recognised the world over, Rajeev maintains that
important and first steps towards reforming the economy must
entail decisive governance and policy action that spurs foreign
and domestic equity investor sentiment and restart equity
investment cycle.

Highlighting that the issue of deciding on interest rates has

resulted in much friction between the government and the RBI,
Rajeev believes the RBI should be kept autonomous even if it
does not pander to government’s expectations all the time.
The 'change' to India’s economic architecture according to Rajeev
could be deep and transformational. It involves funding the
unfunded, and unlocking the potential of a new pool of
entrepreneurs and future taxpayers in this country

Rajeev has served on select committees that finalised legislations

like GST, Insurance,  Mines & Mineral Regulation Bill, Auctions in
Spectrum and the Real Estate Regulation Bill amongst others.

https://rajeev.in/issues/transform-india/