Last week’s big bang reforms will remove obstacles in efficient use of capital | The Indian Express

Last week’s big bang reforms will remove obstacles in efficient use of capital | The Indian Express

Written by Rashesh Shah |Updated: September 27, 2019 11:25:15 am

The writer is chairman and CEO of the Edelweiss Group

Last week’s big bang reforms will remove obstacles in efficient use of capital

For those arguing that the recent big bang reforms will cause a fiscal slippage, I would argue that while maintaining fiscal deficit targets is important, India, as an important investment destination has much more to lose if it lost favour in the global arena

As the economy had been facing headwinds, there has been a demand for major structural reforms.(Illustration: C R Sasikumar)

Seven years ago, the President of the European Central Bank, Mario Draghi famously declared that ECB will do “whatever it takes” to preserve the Euro. The reverberation of those utterances resound till date.