Moily slams corporates for criticising govt

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Press Trust of India: New Delhi, Jun 15 2012, 02:08 IST
Hitting back at corporate honchos criticising the government over the current state of the economy, corporate affairs minister Veerappa Moily on Thursday said “perceptions cannot undo fundamentals” and Azim Premji and Narayana Murthy should speak with optimism.

“We have come out from 2008 depression...of 2010 depression. In 2011-12, our FDI position is very good, you cannot say it is not good. Perception cannot undo fundamentals,” Moily told PTI in an interview.

He was reacting to IT major Wipro chairman Azim Premji’s statement that a “leaderless” India’s image has suffered internationally. Also, Infosys co-founder N R Narayana Murthy has lamented over the current state of affairs of the economy.

“We could face two world economic Tsunamis...this can be managed if positive perceptions come. Like Premji and Narayana Murthy should become the champions of the country. I require them to speak with that kind of a patriotism, which is necessary,” he said, adding, “If what Premji and Narayan Murthy are saying is correct, how can Mukesh Ambani say that they are confident to have a market cap of R1trillion crore?”

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Reader's Comments (1)| Post a Comment

Government does like to be crticised

Anil | 15-Jun-2012Reply | Forward
We know Congress is arrogant. Mr Moilly if you believe that you are doing everything so perfectly well, why are we being hit hard by inflation, much harder than China. Why is our fiscal deficit rising? Why is there rampant corruption? Why is GDP growth slip sliding away? Why are you unable to make any policies and if by chance you do, you are unable to implement? So what do you expect? You are being criticised by the world. Perhaps the reason you are being criticised is so that you allow the PM to take control and make some decisions. Critics are generally your friends not your enemies. But then Congress only likes sychophants and dynastic politics and therefore unable to comprehend the maening of constructive criticism.

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