FM Nirmala Sitharaman urges regulators to clear low-risk mergers swiftly while preserving competition norms to support India’s growth, resilience and innovation goals
FM Sitharaman calls for right balance between regulation & freedom to deepen competition
Union Finance Minister Nirmala Sitharaman today said that a right balance is needed between market regulation and freedom, especially as India increasingly relies on domestic growth levers amid rising geopolitical and environmental challenges.
While addressing the 16th Annual Day of the Competition Commission of India (CCI) in New Delhi, the Finance Minister noted that in recent years, the world has witnessed a series of wide-ranging disruptions, making the need for strong, responsive, and forward-looking institutions. She emphasised that India’s ongoing structural reforms, such as asset monetisation, disinvestment, and digital public infrastructure, are all geared towards unlocking market potential and deepening competition.
Highlighting the role of the CCI, the Minister said the Commission has played a key role in keeping competition alive in the market and ensuring a dynamic Indian economy. She added that CCI’s ability to strike a balance between regulatory vigilance and a pro-growth mindset will be crucial in building a resilient, equitable, and innovation-driven economic framework as India aspires to become a Viksit Bharat by 2047.)