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