Archive · 28 Dec 2025
Sanyal Advocates for Economic Churn and Bankruptcy Acceptance
Sanjeev Sanyal, who advises the Indian Prime Minister, says that India should let companies go bankrupt if they fail.
He believes this is important because it allows new companies to start and old ones to close, which keeps the economy growing.
He gave the example of Jet Airways, which closed down, making space for other airlines.
Sanyal also said that the business elite in India should invest more in research and development instead of just doing charity work.
He thinks that allowing companies to fail makes the economy stronger in the long run, and he supports a safety net for people who take risks but fail.
He believes that India's economy should be open to change and innovation.
Sanjeev Sanyal advocates for accepting bankruptcies as essential for a dynamic economy.
He believes in 'continuous churn' where old companies shut down and new ones emerge.
The closure of Jet Airways is cited as an example that created space for other airlines.
Regulators should intervene if large companies misuse their power or distort competition.
Sanyal supports a safety net for risk-takers who fail but is against freebies.
- Who
- Sanjeev Sanyal, member of the Economic Advisory Council to the Prime Minister (EAC-PM)
- What
- Advocacy for accepting bankruptcies and economic churn as part of a dynamic economy
- When
- During a podcast interview with Smita Prakash
- Where
- India
- Why
- To foster innovation, competition, and long-term economic strength
Pro-Churn and Bankruptcy
Protection of Business Elite
Role of Bankruptcy
Pro-Churn and Bankruptcy
Sanjeev Sanyal believes that allowing companies to fail is essential for economic growth and innovation.
Protection of Business Elite
Some may argue that protecting established businesses ensures stability and job security.
Investment in R&D
Pro-Churn and Bankruptcy
Sanyal criticizes the business elite for not investing enough in research and development, relying instead on CSR activities.
Protection of Business Elite
Others might argue that CSR activities contribute to societal well-being and should not be dismissed.
- Person
- Sanjeev Sanyal
- Organization
- Economic Advisory Council to the Prime Minister (EAC-PM)
- Podcast Platform
- Smita Prakash's podcast
- Example Sector
- Aviation
- Example Company
- Jet Airways
- Key Concept
- Continuous Churn
- Regulatory Role
- Intervene in misuse of power or competition distortion
- Safety Net
- Support for risk-takers who fail
Sources
Embrace Bankruptcies for India's Dynamic Economy – Jet Airways Churn Boosted Airlines: EAC-PM Sanyal
'We Are Creating Liabilities for Next Generation': Sanjeev Sanyal on 'Freebies Culture' and Pension Schemes
'Not seeing enough churn in our business elite': Sanjeev Sanyal on why millionaires are leaving India
