How will Modi govt fix India’s problems? : ft. Sanjeev Sanyal
Indian Business Podcast
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Innovation Requires Both Entry and Exit
The dramatic increase in patent grants in India, from 10,000 to 100,000 in seven years, demonstrates significant improvements in processes that foster innovation. However, true economic dynamism is not solely about facilitating the entry of new companies; it equally necessitates a streamlined ease of exit for businesses. A large majority of companies shut down voluntarily, not due to bankruptcy, highlighting the need for supportive regulations that allow companies to transition gracefully out of the market when necessary.
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