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

  • Public musn’t pay for domestic servants for our diplomats

    Nothing seems to have changed in the year and half since the fur that flew thick and fast over the case of diplomat Debjani Khobragade and her maid Sa

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

Urs Schoettli

Economic integration in east Asia

As trade agreements within a global framework have become increasingly ...

Rajgopal Nidamboor

Up the ante of your conscious existence

It sounds cryptic, but is not as complex as it ...

Gautam Gupta

The ‘fake’ issue needs to be taken seriously

E-commerce players are witnessing unbelievable growth globally. Competition is increasing ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture