Govt of parties with conflicting ideologies bad for growth

Tags: News
Industry body Assocham today said governments at the Centre and the states formed by parties with conflicting ideologies would hit the country's economic prospects.

"If parties with sharp conflicting political and economic ideologies come together and form the government in the states and at the Centre, economic growth and business environment will take a hit," said Assocham Secretary General D S Rawat, citing Delhi Chief Minister Arvind Kejriwal's decision to step down yesterday.

The AAP government resigned after it suffered a defeat on the Janlokpal Bill in the Delhi Assembly.

"In Delhi, the unfolding political situation has not really surprised us in the industry since there was no meeting ground between the AAP and the supporting Congress Party," Rawat said.

The Assocham Secretary General said it is for the political leadership to provide an enabling environment for India Inc.

"A large and overwhelming segment of the industry wants to conduct its affairs in a transparent and honest manner. It is the political leadership which should provide an enabling environment," he added.

EDITORIAL OF THE DAY

  • Government must wake up to the woes of electricity generators

    India is not staring at a power crisis yet, but an estimated 46,000 mw of power capacities are at risk today.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Arun Nigavekar

Moocs will not replace traditional education

I am revisiting the topic of massive open online course ...

Zehra Naqvi

Minimalism: declutter your life

When you imagine an ideal place to live, you think ...

Gautam Gupta

Our fashion schools need to notch it up

“Creativity is the key to success and primary education is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture