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Home -> Finance -> Full Story

India viewed as dynamic, competitive nation: Gowers
Thursday, January 8 2004 17:37 Hrs (IST)

Hyderabad: India was no longer viewed by the West as a country of Maharajas, snake-charmers, diseases, disasters, and chaotic democracy with closed and backward looking economy, but as a dynamic nation, Andrew Gowers, Editor 'Financial Times', London said in Hyderabad today (Jan 8, 2004).

"There was a perceptible change of opinion and now the country was considered as a dynamic country whose economy has started to interact with the outside world," Gowers said at the CII (Confederation of Indian Industry) Partnership Summit.

Gower advised that in order to sustain the feel good factor among the foreign investors, the Government needed to have clarity on governance and asked the domestic media to report objectively on the evenness or unevenness of investment and whether it could be sustained.

He said Indian Companies, going global now by acquisitions and by joint ventures, had boosted the image of India as a country and an economy, which is dynamic and competitive.

PTI