It will be an insightful research to find out how much of capital has been destroyed by incompetent & corrupt promoters as against how much because of lack of flexibility in labour laws or Labour Unrest in the last 20 years.

My estimate is about ₹25 lac crs of capital, PSUs not counted has been destroyed by promoter incompetence & corruption. This can be easily verified because the last 10 yrs we know it is close to₹12 lac crs, PSUs not counted. Add to it Capital Idling in unproductive assets.

What is the estimation we can make on value lost or destroyed by LL? No wild guesses pl. Need to estimate it using so parameters?

Please do not read this thread as a rhetorical one. I am dead serious that we should initiate a discussion on this.

Also we should ask whether laws relating to attachment of assets provided as security to lenders should be made easy by annulling the laws relating to enforcement of attachment. This is prodctive capital coming back to be redeployed.

Should we not worry about capital productivity as much as labour productivity? We know CP is influenced by LP. But today CP is influenced more by Leaders strategy on capital allocation, risk assessment, compliance quality and choice of technology. Very little by working hrs

If we can attach rioters property through an ordinance why not pass an ordinance for attachment of loan defaulters assets? If LL can be suspended wholescale so too these laws relating to Contracts and Attachment of assets.

Lastly IBC is floundering in the courts. So why should we not annul it and permit summary attachments with valuations done by RBI? If we find this absurd then think about the absurdity of supporting annulling 90% of LL. We have to be at least, if not fair and just