India's outlook not too bad but deteriorating values impacting business: Ratan Tata

India's outlook not too bad: Ratan Tata
Expressing an optimistic attitude, Tata Group head Ratan Tata said India's outlook "might not be as bad" as one might think. However, India is facing a struggling phase cause of many changes of government.

"India (may have) had many changes of government, but the outlook 'might not be as bad as you might think...I would have hope," said Ratan Tata to media.

Meanwhile, despite the optimistic approach, the tycoon showed concerns over deteriorating Indian values and ethics which is impacting the business culture as well.

"India was slowly deteriorating in the fabric of its values and ethics, especially in the business community," added Tata.

Talking about the improving ties between India and Australia, Tata said that both the ountries should work to strengthen the ties especially in high-technology areas adding that there were good reasons for the countries to "do much more together than they have done".

"Australia is a vibrant economy... There were areas of high technology where Australia was at the forefront and India could benefit from this... India seeks some of the technology that Australia produces," mentioned Tata.

Read more about: ratan tata
Story first published: Thursday, November 29, 2012, 9:30 [IST]
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