World lost confidence in India: Tata

World lost  confidence in India: Tata
Highlights

With the economy in distress, leading industrialist Ratan Tata has said India has lost the confidence of the world and the government has been slow to recognise it. He also said the government has 'swayed' under the influence of vested interests in private sector and policies have been 'changed, delayed and manipulated'. Tata, who demitted office as Tata group Chairman last December, said Prime Minister Manmohan Singh has held India's 'esteem high but in recent times we have lost that esteem'.

New Delhi (PTI): With the economy in distress, leading industrialist Ratan Tata has said India has lost the confidence of the world and the government has been slow to recognise it. He also said the government has 'swayed' under the influence of vested interests in private sector and policies have been 'changed, delayed and manipulated'. Tata, who demitted office as Tata group Chairman last December, said Prime Minister Manmohan Singh has held India's 'esteem high but in recent times we have lost that esteem'.

"We have lost the confidence of the world. We have been slow to recognise that in the government," he told a news channel while responding to a query on PM's silence on investors losing confidence. He further said it would be good for the country if policies were implemented as they were written. "The government has issued policy which vested interests, quite often in private sector have changed, delayed or manipulated that policy. So, for one reason or the other, the government has swayed with those forces," Tata said.

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