Wipro chairman Premji, speaking at the company's annual general meeting (AGM) in Bangalore on Thursday hoped that the country would get a "stable, workable, coalition government" after the 2014 general election.
A coalition government? Premji thinks that a single party coming to power at the Centre is not possible. "It's unlikely there will be anything other than a coalition government. Hope we get a stable, workable, coalition government post the elections," he said.
Premji said the India market was not in good shape. Last year, India's GDP growth touched decade's low of 5 percent. The rupee is falling sharply against the dollar in the past two months. There are serious concerns about the current account deficit.
"Indecision continues, cash flows are choked in major big projects," Premji said. Many infrastructure projects have come to a standstill due to bureaucratic bottlenecks.
Talking about steps the government had taken in recent weeks, Premji said, "It's a case of too little too late."