‘Corporate churn must for economy’

HOWEVER, HE ADDED that regulators must intervene if large companies misuse their power or distort competition.

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The discussion also touched on welfare policies. Sanyal said he is “very, very uncomfortable with freebies” but supports the idea of a safety net for people who take risks. Sanyal highlighted the growing strength of India’s financial markets, saying Mumbai has now become a more important centre for raising capital than London or Singapore. He said innovation is driven mainly by risk-taking capital such as equity and venture funding.