The Federation of Indian Chambers of Commerce and Industry (FICCI) has urged India’s political leaders to set aside their differences and refrain from rolling back recent economic reform measures.
“Political differences need to be kept aside and the deadlock resolved,” said FICCI president RV Kanoria on Wednesday. “The government should not roll back reform measures. And those who are not supporting are jeopardising the nation’s growth.”
West Bengal chief minister Mamata Banerjee spread a measure of panic in the industry on Tuesday when she withdrew her party’s support to the UPA government.
“FICCI believes that proactive investment measures are in the greater interest of our nation, providing economic benefits to both farm producers and consumers,” Kanoria said, adding that FDI in multi-brand retail will create farm linkages and supply chains which will benefit agriculture and the economy.