"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.
"I must confess that it is a little disappointing
to sometimes hear negative comments emanating from our business
leadership or be told that government's policies are causing slowdown
and pessimism in the industrial sector.
"Such comments have
added to uncertainty and have emboldened those who have no stake in our
economic growth," Singh had said at the meeting of the PM Council of
Trade and Industry.
When asked what steps the government should
take to improve sentiments, Tata suggested that it (government) must
look at accelerating expenditure and create jobs which was slowing down
partly due to the fiscal policy and late decision taken by various
ministries.
"...If we focus on infrastructure it will be good not only for today but in the future as well," he said.
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