tremendously because this was a period of rapid growth.
"I think the government can legitimately say, I think that should be noted, that the system which led to this problem has been actually changed¿¿which needs the system changed.
"That system change is that all coal blocks should be auctioned and all spectrum should be auctioned,” he said.
He opined that Government was willing and transparent to face the investigations into all those allegations.
On foreign investments into the country, he said the moods will change in favour of India even if the growth rate reaches 7 per cent (as against the annual targetted 8 per cent growth for 12th Five-Year Plan period).
He however, felt that the Government needs to improve infrastructure and put it on the top of the agenda.
According to him, the growth will not slow down though general elections are scheduled to be held in six months, as the current issues that the country is faced with are not structural related problems.