Hero Group's Munjal hails IBC, says India's regulatory framework improving

Sunil Kant Munjal says country is going through 'pain of transition', sees consumption picking up in 2-3 months, isn't too worried about coronavirus

Hero Enterprise’s chairman Sunil Kant Munjal said on Saturday that the regulatory environment in the country is getting better and regulators are now stepping in promptly to handle financial crises. 

At the launch of his book, The Making of Hero, Munjal said that India is currently experiencing the “pain of transition” and the regulatory framework is getting strengthened. 

“A lot of questions on IBC were raised but the way it is functioning, in the next 2-3 years, it will be a smoothly functioning system”, Munjal said. 

According to Munjal, IBC,