Excessive competition can lead to stress in particular sector: Jaitley

TIL Desk/Business/Mumbai/ Excessive competition at times can result in stress in a particular sector, Finance Minister Arun Jaitley said pointing out that these are challenges of the growing economy. He also said that with the growing economy, the role of each regulator will expand.

“Excessive competition at times can result in pricing of nature that the sector of the economy itself feels stressed because everybody then tends to follow the leader,” he said at an event organised by anti-trust regulator Competition Commission of India.

“Therefore, what do you do in a such situation of this kind. These are all challenges which are going to emerge as economy moves further and expands further,” he said. If the current growth rate continues for a decade or two, he said, Indian economy expansion is going to be exponential.

“The size is going to increase, the size of industry is going to increase, the size of services sector will increase and the role of each regulator while exercising self restraint will also expand,” he said.