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HindustanTimes Sun,20 Apr 2014

We need to look beyond gloom and doom, says Mukesh Ambani

PTI  Mumbai, September 18, 2013
First Published: 10:41 IST(18/9/2013) | Last Updated: 12:13 IST(18/9/2013)

Sounding confident that the economy will overcome the current crisis, Reliance industry chairman Mukesh Ambani today said there is a need to look beyond the gloom and doom.

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"India should look beyond the gloom and doom," Ambani said at the Giants International 41st anniversary celebrations and awards function here tonight. He was addressing as the chief guest at the function.

Stating that India needs a positive and inclusive mindset, Ambani expressed confidence that despite all the negativity India will become a major power. "I have realised that by focusing on obstacles, you don't reach your goals.

Instead focus on your goals to overcome obstacles," he said. After going through a financial turmoil for almost a year, greenshoots have appeared in the economy of late, giving a hope of recovery. After contracting for two straight months, industrial production entered the positive zone in July, recording a growth of 2.6% on account of improved performance of manufacturing and power sectors.

The IIP data revealed that out of the 22 industry groups in the manufacturing sector, as many as 11 posted positive growth rates in July. Besides, snapping a nine-month streak of decline, domestic passenger car sales also grew by 15.37to 1,33,486 units in August this year, compared to 1,15,705 units in the same month last year.

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