India is the only country where taxpayers are forced to fund government-run businesses that compete directly against them, says Mohandas Pai. The former Infosys CFO slammed this as a deep structural flaw in India’s economic policy during a recent podcast with Bharatvaarta.

“This is the only country where the government takes taxpayers’ money and gives it to public sector units to compete with taxpayers. Can you believe it?” Pai asked, contrasting India’s model with that of the U.S. Advertisement

Sharing his experience at NASA, Pai recalled being told, “We will not use taxpayers’ money to compete with taxpayers—we use it to fund high-risk, blue-sky technologies.” In India, he said, such funding is minimal. “Innovation spending? Peanuts,” Pai added, pointing out that most of it goes to DR

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