Archive · 4 Oct 2025
Mohandas Pai Criticizes India's Economic Policies and PSUs
Mohandas Pai, who used to be in charge of money at Infosys, is unhappy with how India's economy works.
He thinks the government uses money from taxpayers to help government-owned businesses that compete with the taxpayers themselves.
He compares India to the US, where the government uses money to fund new, risky technologies.
He points out that India hasn't been able to create things like jet engines, while other countries have.
He believes this is because the government doesn't encourage innovation enough and supports businesses that aren't doing a great job.
He feels this is holding back the country's progress.
Mohandas Pai criticizes India's economic policies.
Pai argues that taxpayers fund government-run businesses.
He contrasts India's model with the US, which funds high-risk technologies.
Pai points to the failure to build a jet engine in 20 years as an example.
He believes flawed incentives and lack of accountability hinder innovation.
- Who
- Mohandas Pai
- What
- Criticized India's economic policies, particularly regarding PSUs.
- When
- During a podcast with Bharatvaarta
- Where
- India
- Why
- To highlight inefficiencies and lack of innovation
- Key Figure
- Mohandas Pai, former Infosys CFO
- Main Argument
- India's economic policies hinder innovation
- Criticism
- Taxpayer funds used to support PSUs that compete against them
- Contrast
- US model of funding high-risk technologies with taxpayer money
- Specific Example
- India's inability to build a jet engine in 20 years
Sources
'We have oppressive business regime': India’s problem isn’t brain drain, it’s policy pain, says Mohandas Pai
'If we return they’ll take everything': IIT Bombay alum says NRI return pitch ignores India’s apathy