No Impact seen on India’s Trade and Economy, PHD Chamber

While applauding the Modi Government for taking desired action of surgical strikes against Pakistan, Dr. Mahesh Gupta, President, PHD Chamber of Commerce and Industry, said there will be no impact on India’s trade and economy.

The volatility in the financial markets will also be short lived.

Our economy is growing from strength to strength and has become the fastest moving economy in the world economic system,  said Dr. Gupta.

Our industry and businesses will continue to function as usual, he said.

Pakistan’s presence in Indian trade and investments is minuscule and insignificant said Dr. Mahesh Gupta.

India’s flow of two way trade with Pakistan is only US $2.5 billion  of which India exports to Pakistan for 2 billion dollars and imports worth half a billion dollar which accounts for only 0.4% of India’s overall trade.

We have lot of potential to divert our trade and investment flows towards many peaceful economies in the region, said Dr. Mahesh Gupta.

We salute and wish all the very best to our brave armed forces, said Dr. Gupta.

We believe India’s significant and desired action at border will establish peace in the coming times, he said.