Government role is to create crypto markets not destroy it

The Walmart-Flipkart deal arithmetic deconstruct has proved how wrong government policies have resulted in dollar drain. Had it not for the unfriendly policies, Flipkart, the Indian e-commerce unicorn, would have been worth trillions, if they were domiciled in India. India’s shortcomings to make favourable laws in a timely manner to fuel growth for e-commerce start-ups has ended up destroying wealth of Indian venture investors in comparison to global peers, the U.S. and China. In April, we saw a…

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