Condemning the Mumbai terror attack, finance minister Pranab Mukherjee on Thursday said such cowardly acts cannot impact India’s march towards a robust economic growth. “(I am) fully confident that out economy and markets will rise above this incident and continue to show robust growth,” Mukherjee said in a statement. Expressing deep sorrow over the loss of innocent lives and the sufferings of those who have been injured, the minister said he “shares the pain and agony of their friends and families”. Like in past, he added, Mumbaikars would once again show strong courage to face the challenge thrown by the “cowardly terrorist attack”. “The indomitable spirit of Mumbai, the financial capital of India, as always in the past, would once again respond with courage and renewed vigour to such challenges,” he said.
India, which is one of the fastest growing economies in the world, is likely to clock GDP expansion of about 8.5% this fiscal. Experts said that markets have time and again shown that such terror strikes would not have any material impact, as they cannot dent the general functioning of the economy. The country’s two main bourses, the Bombay Stock Exchange and the National Stock Exchange, Thursday opened at their scheduled time and undertook normal business activities.