Indian economy to come out stronger post crisis: Pranab Mukherjee at ET Awards
Pranab said that global economies and policymakers are facing challenges due to EU crisis. "We are victims of Eurozone crisis," he added.
By Agencies | Updated:
MUMBAI: Saluting the Economic Times Award winners as role models, Finance Minister, Pranab Mukherjee said, “Let us emulate them and achieve and not find excuses why things can't be done.” Pranab reiterated that the Indian economy will come out stronger post crisis.
Pranab said that global economies and policymakers are facing challenges due to EU crisis. “We are victims of Eurozone crisis,” added Mukherjee.
Delivering his speech at the awards, Pranab said that the rupee fall is largely driven by international factors. “Weak rupee has prevented better inflation management and pressure on rupee may continue until EU crisis gets over,” said Pranab.
KV Kamath, Chairman, Infosys, said, "There is more need for clarity than reforms, government is only a player in Agenda for Renewal. We need to provide a good climate for foreign investors and priority is to improve sentiment and mood."
Prashanth Ruia of Essar Group said, "India is not badly affected by global slowdown, foreign investors want more policy decisions. India is among the better performing economies of the world."
Accepting the Business Leader of the Year Award, Chanda Kochhar, CEO of ICICI Bank said, “I am a big believer in the potential of India. Let's all work together to take our country towards its full potential.”
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Eight super achievers were awarded for their role in promoting growth and good administration at The Economic Times Awards for Corporate Excellence.Pranab Mukherjee and his cabinet colleagues Jairam Ramesh, Kapil Sibal and Salman Khurshid gave away the awards at a gala function attended by over 400 top CEOs at the NCPA auditorium in Mumbai.
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