Need more competition in business to accelarate growth: CEA K V Subramanian

C Rangarajan requests CEA to bring in clarity on GDP growth numbers

The country need far more competition to come into business to accelerate growth, as the evidence from the past shows that wealth creation and growth has accelerated after the market was opened up, said Chief Economic Adviser K V Subramanian. Competition has helped the companies to innovate and helped people from the non-preveleged background to be part of wealth creation.

Delivering the 7th Dr Raja J Chelliah Memorial Lecture on Ethical Wealth Creation, organised by the Southern India Chamber of Commerce and Industry and Madras School of Economics, he said that after liberalisation, challenge has been created, wealth creation has happened