PM’s Economic Advisory Council member Sanjeev Sanyal

New Delhi [India], December 27 (ANI): 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 Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal.
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 constant change is necessary for…