New Delhi, October 6: Former Infosys CFO Mohandas Pai, known for his sharp commentary on government policies, recently criticized India's economic approach during a Bharatvaarta podcast. He expressed strong disapproval of excessive funding to underperforming public sector enterprises, arguing that taxpayer money is disproportionately allocated to inefficient government organizations.

Citing the U.S. model, Pai noted, “They don’t use taxpayer funds for competitive purposes but invest in cutting-edge technologies like blue-sky research. In India, such funding is minimal.” He further criticized the low spending on innovation, stating, “How much do we spend on innovation in India? Very little. Karnataka Government’s Pioneering Initiative Sends Top Students on UK Educational Tour

Most funds go to government institutions like DRDO and NAL, but their performance is subpar.”Why No Jet Engine in 20 Years? Pai highlighted India’s failure to develop a jet engine in two decades, contrasting it with China’s ability to compete with Boeing. Shoetopia Women's Block Heel Sandals

“If funds were allocated to private players like Tata Motors or L&T, we might have built a jet engine by now,” he remarked. Clarifying his stance, Pai said, “I’m not against public sector enterprises. I want them to grow. But focusing solely on them is unfair. This country belongs to everyone, including private enterprises.”