President calls upon India Inc to give up pessimism

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SME Times News Bureau | 10 Sep, 2012
Addressing the Madras Chamber of Commerce and Industry in a function at Chennai Saturday, President Pranab Mukherjee urged businessman not to listen to the self-styled Cassandras of doom.

Mukherjee said that though there have many difficult periods in the past, India has overcome them through collective efforts.

He added that India has a huge market and a domestic demand driven strategy may be appropriate at this time.

There is no point in merely lamenting and spreading negative sentiments, as it would not help solve problems, he said, adding that no country can live in isolation.

"Sometimes, domestic solutions alone are not enough. In the short term, problems may appear difficult and insurmountable. However, if we can focus on the long term, we have nothing to worry," he stated.

"Our history of economic growth gives us confidence. He said that every problem could be solved through determination, application of mind and hard work," the president added.