"Just because we live in a democracy, doesn't mean that we should feel paralysed, we need some common minimum programme to give people what they need, we need to bring in 21st century governance," Ambani said.
IT czar Azim Premji had expressed concern over the 'complete absence of decision making' in the government and warned that India's growth will suffer if prompt corrective action is not taken.
"I think the biggest concerns are governance issues, complete absence of decision making among leaders in the government," Premji said.
Earlier, Mukesh Ambani on Sunday called India as a land of billion opportunities, and not problems.
Speaking at the annual India Economic Summit of the World Economic Forum (WEF), which has travelled out of New Delhi for the first time in two decades, said there are clear indications that energy from all sections has been unleashed in order to build new India.
Lauding private sector's efforts, he said " private sector is taking significant role with bottoms up entrepreneurship."
Commenting on the economic situation of the country, Ambani said there is a speed mismatch between government and the private sector to achieve goals. "Indian government needs to work at faster pace," he told the forum.
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