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E-mail ID will not be published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

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

Varun Dutt

CHAIN REACTION

A domino effect is the cumulative effect produced when one ...

Zehra Naqvi

Rememberance and forgetting are crucial

Memories are so vital to our lives that they can ...

Dharmendra Khandal

Sandalwood may get extinct if not protected

When we talk of sandalwood, the most common usage that ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture