Can India restore Investors’ Confidence?
TNI Bureau: The sharp decline in the industrial production growth, which stood only 0.1 per cent in April, will definitely put pressure on the investors and discourage top businessmen in the country.
The government might be hoping for the best for the coming days, but the confidence of the investors have been hit. The gloomy economy and inflation are the big factors to compel the investors to think again and again in business.
Recently, top industry leaders have come down heavily on the current state of affairs in the economy saying the image of India seems to have been hit a lot.
Business leaders like N R Narayana Murthy, co-founder of home-grown global IT giant Infosys and Azim Premji, the chief of WIPRO, said that the image of India has been suffered over past 3-4 months, which is not a good sign.
The statements and opinions of such big leaders indicated that other industrialists will not show much interest to invest in all the sectors after industrial production growth rate, which is measured by the Index of Industrial Production (IIP), declined as compared to 2011. Last year, it was 5.3 per cent in April.