India Inc Busts The Myth That India Has A Lot To Lose By Military Action Against PakistanDigital broadcast on the facade of the Bombay Stock Exchange (INDRANIL MUKHERJEE/AFP/Getty Images)

Amidst reports that the Sensex took a plunge today following surgical strikes conducted by the Indian Army on terror camps in Pakistan-occupied Kashmir, it was heartening to see India Inc rallying behind the Army's move. Some industry leaders said that the time to act tough was now and ruled out any adverse impact on the nation's economy.

Biocon CMD Kiran Mazumdar-Shaw tweeted this today:

Reiterating his earlier backing of the army, where he had said, “I trust our army. They know how to pursue & retaliate...”, prominent industrialist Anand Mahindra tweeted this:

While industry bodies like the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Confederation of Indian Industry (CII) were reluctant to comment, the Associated Chambers of Commerce and Industry of India (Assocham) said that despite the predictable fall of the stock market after the news of India's surgical strikes, there is no need to worry about the country's economy.

In the words of Assocham secretary general D S Rawat,

The Indian economy has a strong bandwidth to deal with any possible after-effects of the current state of tensions with Pakistan.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber