gfiles magazine

July 10, 2017

Richest Indian on shaky ground

There is a grave danger if there’s over-regulation-it results in a strangulating bureaucracy. But there are pitfalls of under-regulation-it makes those who should be more on their toes to relax and become complacent. In the first, it’s the businesses that suffer; in the latter, it’s the retail investors and poor customers who bear the burden. This is why as India tries to ease the way to do business, she should ensure that the watchdogs are on guard, and don’t abdicate their responsibilities.

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