Addressing an event here, he said the primary role of the state is to protect the rights of its citizens.
Reddy advocated that the government policies should be market-friendly, rather than being business friendly.
Referring to the Centre's 'ease of doing business' initiative, he sought to clarify whether it was a business friendly measure or a market friendly one?
"Business friendly means business (supporting) whoever is businessmen, crony capitalist. Market friendly means anybody wants to compete...Still we don't have a concept of market friendly governance. We have a business friendly (approach)," Reddy said, while delivering a lecture on "State and Market in India".
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