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Liquidity crunch is mostly behind us, says Tata Sons' N Chandrasekran

Chandrasekran said the goods and services tax (GST) regime and the Insolvency and Bankruptcy Code (IBC) are historic decisions.

N Chandrasekran, chairman, Tata Sons
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N Chandrasekran, chairman, Tata Sons

Shally Seth Mohile Mumbai
The liquidity crunch that had gripped various sectors after the IL&FS crisis is mostly behind us, said N Chandrasekran, chairman, Tata Sons at ExpressAdda, an Indian Express event on Tuesday.  

“There are issues here and there, but this issue (liquidity) is behind us,” he said.

On the possibility of India becoming a $5-trillion economy, he said, “I think it is possible. To achieve anything, you need to have aspiration.”

He added: “The Indian market has huge potential. There are a number of trends like urbanisation, rising middle class, etc, which are irreversible.”

He said the goods and services tax (GST)