Need of the hour is better governance, says Rahul Bajaj, Chairman, Bajaj Auto

Everyone in the corporate sector and in the government knows what has to be done. We don't need an expert to tell us what to do for infrastructure, energy, inflation, or growth. These are all known. But there is no political will to do the right thing.

The two major parties — Congress and BJP — keep blaming each other. Political expediency prevails. Each party is looking at retaining or coming back to power. They pay lip service to growth and welfare of the poor.

I strongly recommend that while Congress and BJP may continue to oppose each other politically, it's about time they joined hands to implement the right economic policies on which there is, by and large, a consensus. Otherwise, we shall see our political parties criticising each other, working towards elections and not worrying about the good of the nation.

One hope I have springs from the recent election results in states like Bihar, Tamil Nadu, Delhi, Gujarat and West Bengal where the electorate has rewarded performance and thrown out parties considered corrupt and nonperforming.

However, after the next parliamentary elections (whenever they take place. I am not saying May 2014...there may be a mid-term election)...I believe the political and economic situation will improve substantially due to Anna Hazare's movement and the many new laws — the Lokpal bill, judicial accountability bill, whistle blower bill, etc — that will come into force soon. I am convinced, corruption and inefficiencies in the functioning of the government and the private sector will come down substantially.