Pvt sector, edu reforms critical in journey to developed nation: Experts

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Pvt sector, edu reforms critical in journey to developed nation: Experts - Business Standard

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However, he said the number of clearances companies required to set up businesses was much more than in other countries because of a multitude of regulators. “While we are deregulating, we need to move much faster to catch up with the world,” he said. the Securities and Exchange Board of India (Sebi) and the regulated players worked closely. The Association of Mutual Funds in India (Amfi) provides another layer between mutual funds and Sebi, he pointed out.

(From left) Laveesh Bhandari, president, CSEP; Tushar Vikram, CEO & country head India, Mashreq; Dharmakirti Joshi, chief economist, Crisil; and Sundeep Sikka, ED & CEO, Nippon India Mutual Fund.

He laid emphasis on reforms to bring these players back to spur the economy. Joshi also talked about corporations’ fears about Chinese goods flooding India.“If China has excess capacity, it’s going to suffer deflation and that is going to flood the markets in Asia, including India .