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E-mail ID will not be published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

  • Kejriwal will do well to ignore the bickering and get on with work

    Psychologists explain implosion as a form of behaviour involving intensive recollection and review of anxiety-producing situations or events in an att

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

Simon J Evenett

Are you keeping an eye on BRIC reforms?

When the history of state action during the crisis era ...

Kuruvilla Pandikattu SJ

How do we explain pain and passion?

The holy week that the christians celebrate this week recalls ...

Shona Adhikari

Anjolie Ela Menon, the storyteller, is back

Anjolie Ela Menon, one of India’s most celebrated artists, is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture