"We need to bring 21st century governance. Just because we live in a democracy doesn't mean we should feel paralyzed, we need some common minimum programme to give people what they need. There is a speed mismatch between government and private sector to achieve goals. Indian government needs to work at a faster pace," said Mr Ambani.
Mr Ambani was a part of the panel interacting with global leaders in the plenary session at the India Economic Summit in Mumbai. Mr Ambani's comments add to the increasing perception that indecisiveness on the government's part is hurting India's economic growth.
However, Maharashtra's Chief Minister Prithviraj Chavan, who was among the panelists, said, "The big challenge for the political system in India is managing the diversity. Quick decisions leave people behind and that is a challenge."
Eralier, Ajim Premji, chief of the third largest software company in India had said that "complete absence of decision-making among leaders in Government."
Infosys founder Narayana Murthy earlier stating about his disappointment with the ruling government had also claimed, "I personally feel that a coalition led by the somebody extraordinary like Mrs Sonia Gandhi and someone like Dr Manmohan Singh and Mr Pranab Mukherjee, who is a fantastic minister...they could have done a much better job in dealing with the demands of the civil society."