Imo instead of ceo salaries increasing by so much over the last 10-15 years of they could instead increase the salaries of employees than a direct benefit would be increased consumption and taxes but all they have done is increase their coffers. Look at the average salaries in our MNCs TCS, Accenture giving 2-4% hike yearly so many engineers salary is stagnant
I remember some minister being displeased about this behaviour. Modi government assumed they would increase salary on their own and invest in R&D. But turned out our chindi chor dhandos will rather fill that extra money from reduction in taxes, profits, etc. in their pockets rather than using it in the right direction.
this could be why so many defense projects take decades?? There should be more incentives for private
Issue is there is a limit to how much a government can push companies in a democracy. Incentivisation is often taken differently by different actors. Take PLI for example, not every company who participated acted in a good way. Some players like Ambani are constantly asking the government for further extensions. Hand holding in a country like China works because they are not a democracy and can often take some extreme actions if the company in question doesn't follow the party's mandate. In India the company can just say "Yeah we will do." And then fudge data, while there would be not much significant R&D. Our business class has a lot of low risk high reward mindset folks.
an old cliche -no pain no gain.
adani is a risk taker for sure, mf bought the most modern coal terminal tech for his ports, bought silicon wafer manufacturing and all, only issue is in the direct consumer sectors like airports, high charges have increased the airfares,
