Don't bet against India, growth story to continue, say corporate leaders

No systemic risk to domestic financial system from recent events, they assert

Soon after Finance Minister Nirmala Sitharaman’s statement that the Indian financial system is robust, corporate leaders said India's economic growth story will continue and no one should bet against the country.

“Global media is speculating whether current challenges in the business sector will trip India’s ambitions to be a global economic force. I’ve lived long enough to see us face earthquakes, droughts, recessions, wars, terror attacks. All I will say is: never, ever bet against India,” said Chairman of Mahindra group, Anand Mahindra.

Uday Kotak, MD & CEO of Kotak Mahindra Bank said he does not see any systemic risk