Protectionism needed to help domestic companies: Arundhati Bhattacharya

She said that in matters of real national importance govt should go for it

State Bank of India (SBI) chairman Arundhati Bhattacharya on Saturday said some level of protectionism was needed to safeguard national interest and also encourage entrepreneurs to build companies of global scale.

“I think in matters of real national importance if it is important for the government to ring-fence certain things, the government should do it, because at certain phases some amount of protectionism is necessary,” the SBI chief told the Wharton India Economic Forum here this evening.

Bhattacharya was responding to a query on whether the Chinese model of building protective walls to help homegrown business is a good idea. She did