Ajay Singh, the co-founder of low-cost carrier, Spicejet joined the long list of top industrialists such as Adi Godrej, Sunil Mittal and Prakash Hinduja to have back Prime Minister Narendra Modi.
Ajay Singh, the co-founder of low-cost carrier, Spicejet joined the long list of top industrialists such as Adi Godrej, Sunil Mittal and Prakash Hinduja to have back Prime Minister Narendra Modi, even as the government faces severe backlash from opposition, party-men and global rating agencies for slowing economic growth. In an interview to ET Now, Ajay Singh said, “We should not judge an economy by the performance of one-quarter. I am sure the government will take note.” Singh said this in reference to India’s GDP growth, which continued to disappoint for the second straight quarter, slowing down to a mere 5.7% in Apr-Jun and pitting the country behind China on the list of world’s fastest growing major economies.
Ajay Singh went on to say that this 5-year term of government will be the best in Indian history. Just yesterday, Prakash Hinduja, India’s third richest man, according to the latest Forbes India Rich List 2017 said that the country is going through a golden period. In an interview to CNBC TV18, Prakash Hinduja said, “India is going through a golden period, but has a long way to go.There a lot of foreign investors planning to invest in India in a big way.”
Top industrialist Sunil Mittal recently backed Narendra Modi by saying that it is his job to create hope. He further said that the Indian economy is doing extremely well as compared to its global peers. Yesterday, Head of the Godrej group, Adi Godrej also spoke in government’s defence and said that the economic growth rates fell due to GST destocking in June and will likely recover in the second quarter of FY18. “There was an economic slowdown in the month of June, and there’s a good explanation to that. Since in the GST, many rates were coming down, there was destocking in June.”
Ratan Tata, the Chairman Emeritus of Tata Sons has reposed his faith in the current Prime Minister Narendra Modi and says that he will certainly deliver a ‘New India’. In a rare interview to CNBC TV18, the renowned industrialist said recently, “He (Narendra Modi) is able, capable and innovative enough to look at India afresh. I, for one, am optimistic that India will be the ‘New India’ that he has promised.”