We are taught to deal with uncertainties: Anand Mahindra

Expressing his dislike for "regulated autocratic economy", industrialist Anand Mahindra today said business people need not always look for certainty.

"We are taught to deal with uncertainty... A regulated autocratic economy that look for certainty and I don't want to be part of that," Mahindra, Vice Chairman and Managing Director of diversified group Mahindra & Mahindra, said at the World Economic Forum.

Participating in a session on 'Leading Through Adversity', the Mahindra group scion said: "After business school, when I came to India all I found was certainty... India is a regulated economy. People forget, when we were in Licence Raj and in a social driven economy where certainty is (the) norm, you hunger for uncertainty.

"Please don't look for certainty," Mahindra, a regular at WEF meet, said.

The annual WEF meet, happening at this snow-laden resort town, is expected to mostly deliberate on financial woes staring at the global economy and ways to tackle it.

Top political and business leaders, including from India, have descended here for the event.

ALSO READ

Volkswagen launches Polo petrol variant at Rs 7.99 lakh

Trade in: trick or treat?

Volkswagen Polo: Hot hatch for everyday life

Honda Motor Q4 net profit rises 6.6% on falling yen