India Through the Eyes Top Biz Leaders

All Is Well With Indian Economy: Pranab Mukherjee

Indian President Pranab Mukherjee said that though he is concerned over the signs of weakness in the Indian economy, he is not depressed. "Basic fundamentals of Indian Economy are strong and there is resilience of the Indian economy. There has been a positive inflow not outflow. It is around $8 billion.”

Indian Economy Strong, Will Continue To Attract Investments: Anand Sharma

"Investment and taxation are two separate issues", was the response from Anand Sharma, the Commerce and Industry Minister, when asked whether the introduction of General Anti Avoidance Rules (GAAR) will hurt foreign investments. 

"For FDI, we have a policy which is stable and progressive and there have been changes made in the recent past which have gone down well with investors", the Minister further added saying, "these are seriously engaging the interest of our foreign partners and we are hopeful that major developed countries, which are our economic partners, will be investing both in technology and in establishment in partnership with Indian industry".

"If we see our economy objectively, we are being affected by international crisis specially euro crisis and high oil prices. It affects specially exports and imports, thus, impacting the overall current account and trade account. But in actual sense, our economy is strong", the Minister stated.