Tata Tata dispels fears of depression

New Delhi: Differing with some of the leading corporate voices against perceived policy paralysis in the government, industrialist Ratan Tata today said there is no need to be pessimistic because of the global uncertainties as India`s economic fundamentals are strong. "We must stop pessimism…India`s economic fundamentals are correct and we should be striving for retaining […]

New Delhi: Differing with some of the leading corporate voices against perceived policy paralysis in the government, industrialist Ratan Tata today said there is no need to be pessimistic because of the global uncertainties as India`s economic fundamentals are strong. "We must stop pessimism...India`s economic fundamentals are correct and we should be striving for retaining growth rate," Tata told reporters here.

His comments come within days of Prime Minister Manmohan Singh hitting out at industry leaders for their "negative comments" on the government policies. Singh had said that such remarks had added to the uncertainty. Amidst the talk of policy paralysis in the government, the Prime Minister had asserted that the government was committed to creating a growth-oriented economic environment.