29 Sep, 2016
Amidst reports that the Sensex took a plunge today following surgical strikes conducted by the Indian Army on terror camps in Pakistan-occupied Kashmir, it was heartening to see India Inc rallying behind the Army's move. Some industry leaders said that the time to act tough was now and ruled out any adverse impact on the nation's economy.
Our civil n decent response in the past hasn't been met with reciprocity so it's time to act tough https://t.co/qN4R6CSloc— Kiran Mazumdar Shaw (@kiranshaw) September 29, 2016
Reiterating his earlier backing of the army, prominent industrialist Anand Mahindra tweeted this:
I trust our army.They know how to pursue&retaliate.Their strategy need not be advertised on Twitter.. https://t.co/h0eYpWckUB— anand mahindra (@anandmahindra) September 18, 2016
While industry bodies like the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Confederation of Indian Industry (CII) were reluctant to comment, the Associated Chambers of Commerce and Industry of India (Assocham) said that despite the predictable fall of the stock market after the news of India's surgical strikes, there is no need to worry about the country's economy.
In the words of Assocham secretary general D S Rawat,
The Indian economy has a strong bandwidth to deal with any possible after-effects of the current state of tensions with Pakistan.
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