Prime Minister's Economic Advisory Council member Sanjeev Sanyal stated that India must embrace insolvency and bankruptcy as essential components for a dynamic, risk-taking economy. He emphasized the need for continuous churn, where failing companies make way for new ones, citing the corporate sector's strengthening after a 2017 cleanup. Sanyal also expressed discomfort with 'freebies' but supported a safety net for risk-takers, advocating for regulatory intervention against corporate power misuse.