'Normalcy by Monday, take tough action against terror'
India Inc today exuded confidence that business will be back to normal from Monday and heaved a sigh of relief as the 60-hour terror horror got over this morning.india Updated: Nov 29, 2008 17:33 IST
India Inc on Saturday exuded confidence that business will be back to normal from Monday and heaved a sigh of relief as the 60-hour terror horror got over this morning.
While urging Prime Minister Manmohan Singh for tougher laws against terrorism so that dastardly acts witnessed in the financial capital since Wednesday are not repeated elsewhere in India, apex industry chambers said the economy will recover fast from the blow.
"Even yesterday stock market in the midst of the battle showed some resilience, this is an indication as to how India and its people take these dastardly activities of terrorists in their stride. We expect that by Monday the regular financial parameters and fundamentals will come back into play," FICCI Secretary General Amit Mitra told PTI.
Mitra, however, reminded the Prime Minister to keep his words for tough action against terrorism.
"We expect that the commitments made by the Prime Minister of tougher laws against terrorists and centralised single agency for dealing with such situations will come into force sooner or later," he said.
Singh, on Thursday, had stated that "strongest possible measures" would be taken to deal with terrorists and their supporters.
Expressing confidence that the attack would not have any long lasting impact on foreign investments in India, Mitra said: "India is a natural destination for potential investors in the future. 25 billion dollars have come as FDI, we expect the flow to continue even if slightly muted, given the global circumstances."
Assocham Secretary General DS Rawat also expressed confidence that India would recover fast from the blow although it could face a temporary setback.
First Published: Nov 29, 2008 17:23 IST