relevant talks - Abhijeet Bannerjee talking about the need for decentralizing India - https://youtu.be/ZQD-RwLDiz8?t=494

Related presentations made by Raghuram Rajan talking about the same - https://youtu.be/06uhetn_P5M?t=4312

The common viewpoint appears to be that the current government is too centralized and is trying to micro-manage everything and that simply cannot unleash the potential of a large, diverse economy like India. However, they also mention that decentralization requires more trust, faith and a sort of relinquishment of centralized control as a caveat. I do not believe that this is a caveat in today's world at all if you factor in that we already have the tools for this - Blockchains and DLTs. They are already capable of efficient decentralized governance where the loss of a powerful central overseer can easily be countered with clear cut responsibility, transparency, and accountability on a decentralized system.

Edit: Another very relevant talk - https://youtu.be/ad_A5v0d9hc?t=1142