Govt of parties with conflicting political and economic ideologies bad for growth : Assocham

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Assocham said governments at the Centre and the states formed by parties with conflicting ideologies would hit the country's economic prospects, reported PTI.

"If parties with sharp conflicting political and economic ideologies come together and form the government in the states and at the Centre, economic growth and business environment will take a hit," said Assocham Secretary General D S Rawat, citing Delhi Chief Minister Arvind Kejriwal's decision to step down.

"In Delhi, the unfolding political situation has not really surprised us in the industry since there was no meeting ground between the AAP and the supporting Congress Party," Rawat said.

The Assocham Secretary General said it is for the political leadership to provide an enabling environment for India Inc. "A large and overwhelming segment of the industry wants to conduct its affairs in a transparent and honest manner. It is the political leadership which should provide an enabling environment," he added.

Dion Global Solutions Ltd.

Read more about: assocham, economic growth, india inc
Story first published: Monday, February 17, 2014, 9:10 [IST]
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