Inconsistent policies stifle innovation: Star CEOhttps://indianexpress.com/article/news-archive/web/inconsistent-policies-stifle-innovation-star-ceo/

Inconsistent policies stifle innovation: Star CEO

Inconsistent policies and arbitrary curbs on freedom of speech and expression major challenges that hamper India’s media & entertainment sector.

Inconsistent policies and arbitrary curbs on freedom of speech and expression are the two major challenges that have stifled innovation in India’s media & entertainment sector,Uday Shankar,CEO of Star India,said at the inaugural session of the CII Big Picture Summit.

Delivering the theme address at the summit,the foremost business gathering in the media and entertainment sector that brings the industry and policy makers on a single platform,Shankar said that a “web of processes,regulations and norms” have stalled India’s economic growth and the future of the country hinges on our ability to embrace new ideas. “No renewal can happen,either in our economy or in our industry,if we are not brazenly open to new ideas,” Shankar said. “Our ability to improve the lives of millions of Indians is firmly tied to our ability to unshackle businesses; in allowing them the space and the imagination to create new products and services.”