“China has been able to contain inflation for the last 25 years, so that it can maintain its competitiveness. We have so many policies, like NREGA (National Rural Employment Guarantee Act), which only increase incomes without direct supply of product, which leads to direct inflation.”
Dilip Sanghvi, Managing Director, Sun Pharmaceutical
Sun Pharma chief wants Indian firms to become internationally competitive. High inflation rates are causing India to lose its competitive cost advantage.