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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Banks might be bracing for intense rate war for retail loans

    While select small banks have been slashing their deposit rates by five to 10 basis points over the past few weeks for short term adjustments to avoid

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

When too little could mean too late

The calamity in Jammu and Kashmir has once again shown ...

Purnendu Ghosh

Why art and science are natural partners

Art is qualitative and is generally associated with emotions. Science ...

Shona Adhikari

A toast to established and emerging talent

This week, our focus is on upcoming exhibitions in the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture