Davos, Switzerland:
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 looks for certainty and I don't want to be part of that," Mr. Mahindra, chairman and managing director of diversified group Mahindra & Mahindra, said at the World Economic Forum.
Participating in a session titled 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 of Davos, 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 at the town for the event.
