Need to restore powers of executive to boost growth: FM

Tags: News
Making a strong case for a correct balance between the executive, legislature and judiciary, Finance Minister P Chidambaram today said India cannot achieve sustainable growth unless powers of the executive to govern are restored.

"Governance cannot be taken away from executive. Parliament must make laws to support executive decisions. More so, judicial institutions cannot take over governance. We have to rediscover balance among the institutions and we have to reassert balance between reform, development and inclusiveness," he said while addressing the ET Awards function.

The minister regretted that the power balance in India has swung from the executive as well as the legislature "and the judiciary has taken the upper hand."

Chidambaram said countries that have struck the right balance between the three institutions were moving forward smoothly.

Governing India, he added, "cannot be done under one model. Governing India is a complex task and that complex task can only be done by elected representatives.

"They may govern India badly, they may govern India well, but they will govern. If they govern India badly, the people will throw them out. If they govern India well, people would reward them."

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