Take risk, invest more: PM Modi to India Inc

[prasad1]

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Prime Minister Narendra Modi on Tuesday asked the Indian industry to take risk and invest more as his government promised a broad range of steps including stepping up of investment in infrastructure and improving ease of doing business to attract global investment.
A meeting of the industry and business leaders, bankers and economists at Prime Minister's residence brainstormed over how to convert the global turmoil into an opportunity for India.
In a nutshell, the participants felt the global situation, especially the volatility in the capital and currency markets, is a transient phase and that steps should be taken to strengthen the real economy.

In his presentation before the Prime Minister, Subramanian spoke about the key events that were contributing to the global turmoil and what India could do to tap the opportunities and meet the emerging challenges.
http://www.dnaindia.com/money/report-take-risk-invest-more-pm-modi-to-india-inc-2123198

 

[vgane]

With China in strife India should raise to the occasion and capitalize the golden opportunity!

 

[krish44]

Our private sector captains know to whom to pass on their risks -Public sector banks.

With tightening of credit norms and ending availability of easy loans , most are finding it difficult to start anything.

With a crackdown on NPAs by banks is sending a negative signal to distressed private sector.

Adding to it he black money hunt, india is no longer attractive for many private players.

They would rather sit out this govts term and advise the govt to concentrate on agriculture and other such sectors where they do not have a role.

 

[sangom]

Prime Minister Narendra Modi on Tuesday asked the Indian industry to take risk and invest more as his government promised a broad range of steps including stepping up of investment in infrastructure and improving ease of doing business to attract global investment.
A meeting of the industry and business leaders, bankers and economists at Prime Minister's residence brainstormed over how to convert the global turmoil into an opportunity for India.
In a nutshell, the participants felt the global situation, especially the volatility in the capital and currency markets, is a transient phase and that steps should be taken to strengthen the real economy.

In his presentation before the Prime Minister, Subramanian spoke about the key events that were contributing to the global turmoil and what India could do to tap the opportunities and meet the emerging challenges.
http://www.dnaindia.com/money/report-take-risk-invest-more-pm-modi-to-india-inc-2123198

It is now amply clear that the Indian economy is not in good shape. The private industry will require enough incentives which will assure them a higher return than what they presently get from stock market or real estate, etc., if they have to invest further. And as Shri krish ji says, our India inc., will like to dump the load on the banks and get away gladly!

The attached cartoon in today's Deccan Chronicle gives one side of the story.

 

[prasad1]

 

[prasad1]