'Corporate churn must for dynamic economy'

INDIA NEEDS TO be comfortable with people and companies going bankrupt, as continuous insolvency and bankruptcy are essential for building a risk-taking and dynamic economy, said member of the Economic Advisory Council to the Prime Minister (EAC-PM) Sanjeev Sanyal.

- ANI

In an interview with ANI, Sanyal said a healthy economic system must allow for “continuous churn”, where old companies shut down, and new ones emerge to take their place. He stressed that constan