Key Points
Veteran banker Uday Kotak on Tuesday said that too much regulatory guardrails could impede economic growth and halt India's journey towards a developed nation..
Regulators should not be too conservative and cautious but must respond fast to "accidents" in the respective sectors, he said while addressing a two-day event organised by National Financial Reporting Authority (NFRA)...
"I feel very very optimistic for India's future but I am also very conscious that...unbridled focus on the opportunity without having the guardrails also runs the risk, and also too much guardrails will not get us there (developed nation)," he said.. Observing that the aspiration of the fast growth of 7.5-8 per cent GDP over the next 20-25 years needs significant capacity building, he said, "it also requires a sense of dreaming..
