Advani meets top industrialists
to discuss state of the economy
Delhi, Nov 20 (IANS) Top industrialists and representatives
of apex chambers Thursday met with Leader of the Opposition
L.K. Advani to discuss the state of the Indian economy in
the wake of current global slowdown, in what has raised eyebrows
in both the political and industrial establishment.
was the first such meeting sought by Advani, the prime ministerial
candidate for the Bharatiya Janata Party (BJP), and was attended
by his party colleagues Jaswant Singh and Yashwant Sinha,
both of whom handled the finance portfolios for the previous
National Democratic Alliance (NDA) regime.
15 industrialists, including Anil and Mukesh Ambani of the
two Reliance groups, Sunil Mittal of Bharti group, Rahul Bajaj
of Bajaj Auto, Subhash Chandra of Zee group and Sashi Ruia
of the Essar group attended the meeting.
present were the presidents of the three apex chambers - K.V.
Kamath of the Confederation of Indian Industry (CII), Sajjan
Jindal of the Associated Chambers of Commerce and Industry
(Assocham) and Rajeev Chandrasekhar of the Federation of Indian
Chambers of Commerce and Industry (Ficci).
a brief note for the meeting, Chandrasekhar sought to tell
Advani that recent data on macroeconomic situation confirmed
a slowing down of the Indian economy.
on the one hand industrial growth slumped to a measly 4.8
percent in September (against 7 percent in September 2007),
on the other hand exports shrunk by 15 percent in October,Ф
the Ficci president's note said.