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In New York, lights are on the whole night; there are offices where not a single person is working, but all lights are on. The street lights at the White House are lit all the day. Why? And we are being told not to use coal.
If you are moving the informal economy into the formal economy, and if the transactions which for years were never reported as part of GDP are now transacted through banking channels, it will only add to the GDP, not reduce the GDP.
I can't tell my people that you will get power only from 6 A.M. to 5 P.M., and after that, we live in darkness. You need 24-hour power; you need a baseload, and that baseload for India is coal. We are looking at clean coal technologies to reduce the impact of pollution.
We cannot have a system that everything can be passed on to the final consumer in the garb of cost being recovered without being sensitive to their own problems and affordability.
People of India deserve to be complimented for making the 2014 elections a referendum on the misrule of the Congress-led UPA and demonstrating their faith in a proven new leadership.
If inflation is brought down, interest rates will fall. Once rates fall, we have the opportunity to maybe achieve the goal of 'housing for all' faster; take roads, infrastructure to India's interiors.