Garg: Regulation should strictly target safety and environment, leaving markets unhindered
Subhash Chandra Garg · India's Road To $10 Trillion Economy With Subhash Garg, Former Secretary Of Economic Affairs · Nov 27, 2024 · at 1:00:33
Former Indian Economic Affairs Secretary Subhash Chandra Garg outlines the appropriate boundary for government economic regulation versus market freedom.
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“Much of the private enterprise should honestly be left to it to compete its way out in the free market. You should not be intervening. However, wherever there are risks associated with it hurting people, Or on the well-being of the labor involved, the safety issues, the environmental issues connected. Suppose you emit pollution, right? That is where the regulation should be for sort of safeguarding the people, the environment, the labor from the excesses which the industry might do.”
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