The trick is in devising regulations that enforce strict penalties for wrongdoing. The prevention-is-better-than-cure strategy may not be the best fit for issues like these. As Indian business gains in prominence, increasingly Indians will be invited to sit on the boards of global corporations. In such a globalised environment, RBI must ensure it does not come in the way of the aspirations of Indians to leverage their expertise in integrating with international business. Meanwhile let’s give Nooyi three hearty cheers.
The writer is deputy editor, The Financial Express
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