Industry & Economy
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Economy
`India's perception in West is changing'
Our Bureau
Hyderabad
,
Jan. 8
THERE is a perceptible change in the West regarding India. India was being perceived as a dynamic country, a change brought about by the "fluid policies of the Government as against monolithic policies of the past government", according to Mr Andrew Growers, Editor of the Financial Times.
Speaking at the CII-Partnership Summit, Mr Growers said that the good thing with India now was that the economy has started to interact with the outside world. By going global through acquisitions and by joint ventures and winning major overseas contracts, Indian companies had boosted the image of the country.
However, Mr Growers cautioned that in order to sustain the feel good factor among foreign visitors, the Government needed to have a clarity on governance and asked the domestic media to report objectively on the evenness or unevenness of investment and whether it could be sustained.
Speaking at a session entitled Engaging the World, Media leaders Perspective, Mr Chandan Mitra, Editor of The Pioneer, said that the gigantic elephant that took ages to move earlier was now moving briskly. The winds of change were also visible in the media. The inward looking closed economy of the yester years reflected on the media too when it vehemently resented FDI in media, which he attributed to lack of self belief and too much wallowing in self sympathy.
Mr M.J. Akbar, Editor of Asian Age, said, "We have moved into an age of economics. This age of economics crept on us and did not happen overnight as the demand for economic progress became the most defining reality in the 21st century."
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