Arvind Kejriwal at CII: AAP Chief Explains Dynamics of ‘Aapnomics’, Says Party is Only Against ‘Crony Capitalism’ [Reactions]

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By Gopi Chandra Kharel | February 18, 2014 7:14 PM EST

Aam Aadmi Party chief Arvind Kejriwal on Monday tried to explain the dynamics of his political vision, popularly known as 'Aapnomics', by asserting that his party is "not against business".

Reuters
Arvind Kejriwal (C), chief of the Aam Aadmi (Common Man) Party (AAP), leaves after addressing the media during a news conference in New Delhi.

"We are not against capitalism, we're against crony capitalism... It's a wrong perception that AAP is against business. Of course we need businesses," Kejriwal said, addressing top industrialists at the Confederation of Indian Industry (CII) meet in Delhi.

The former Delhi CM, who has been maintaining a confrontational stance against the corporate sector, spoke about his party's take on economic policies and insisted that corporate India has no reason to be scared of his party. This comes after some of the controversial decisions the Kejriwal government took during its 49-day rule in Delhi.

During his party's brief term at the helm, Kejriwal increased subsidies for power and water - a decision many felt was an example of the government's 'overspending'. The Delhi government also overturned the pervious government's decision on FDI, preventing Walmart from opening shop in the capital city.

The most controversial and talked-about decision of the Kejrial government, however, has been his call to file an FIR against Reliance chairman Mukesh Ambani and petroleum minister Veerappa Moily. He accused them of creating a 'fake' shortage of gas in the country and raising its price.

"The government has no business to be in business, it should be left with the private players. License and inspector raj has to end... A small section of industrialists who are not industrialists but are looting the country," he said.

Kejriwal also said that creating jobs is the most important part in developing private sector. He, however, insisted that privatisation is not the solution to all issues related to corruption. He said that the government must play the role to make private players act according to the "rules of the game".

"We think of privatization as a religion. But governance is bigger issue. Only with good governance can there be good business," he said.

Being mindful of all the criticisms surrounding his failure on the economic front, he reached out to the India Inc., seeking cooperation from them.

"We want to create a new India. Please join us, help us. Come inside the inner circle. I invite you all. Become a part of the revolution. Don't just criticize us from outside," he said.

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(Photo: Reuters / )
Arvind Kejriwal (C), chief of the Aam Aadmi (Common Man) Party (AAP), leaves after addressing the media during a news conference in New Delhi.
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