Reacting to US President Barack Obama's assertion that the government must carry out "difficult" economic reforms, India Inc said India remains a strong investment destination with strong long-term growth prospects. Acknowledging that the nation lagged in reforms in sectors like retail, aviation, defence and insurance, India Inc said Obama or any other person cannot be dictating Indian government or Indian policy makers. Industry chamber Assocham Secretary General D S Rawat said. US has also had lot of limitations like the recentrestrictions imposed on BPOs But Indian economy is till doing much better than most of the developed countries.CII Director General Chandrajit Banerjee said India was resilient and was still growing at 6 per cent during the time of global economic uncertainties. FICCI Secretary General Rajiv Kumar said India's long-term growth remains strong and intact.
News On AIR | July 15, 2012 5:01 PM
India a strong investment destination, says India Inc