More liberalism, according to the new CII head for education and health spending.

Sanjiv Bajaj is the new president of the industry lobby Confederation of Indian Industry . He said the era of flexible interest rates has come to an end .

Pune: Governments should trust the industry and ban a number of laws, according to the new president of the industry lobby Confederation of Indian Industry (CII), and chairman and managing director of Bajaj Finserv, Sanjiv Bajaj.The era of flexible interest rates has come to an end, he said.We could expect from the Reserve Bank of India a clear direction in terms of interest rates.There are also demand side concerns.We can see that the period of low interest rates has come to an end, and the RBI's actions should hopefully reduce inflation, Bajaj said, adding that more money is best spent on public health, education, and research and development as a percentage of the national GDP, while also supporting more economic development, including leather, footwear, toys, and service segments like tourism, media, animation, and others, which generate significant foreign exchange.In general, the state of the economy matters more than a few companies leaving However, Bajaj said that the economy is expanding overall and that jobs are being created.