Goldman Sachs report inappropriate and objectionable: Sharma

Drubbing Goldman Sachs' recent report on India as "most inappropriate and objectionable", Commerce and Industry Minister Anand Sharma today said the country will not entertain any prescriptions from unconnected entities.
"India's growth story has always been strong and intact. What one needs to look at are the micro fundamentals of our economy (and) where the strength lies -- the high rate of savings and investments," he told reporters.
Sharma was reacting to the recent report of investment banker Goldman Sachs which suggested that BJP-led NDA could win the forthcoming general elections and described the party's Prime Ministerial candidate Narendra Modi as more business-friendly.

Stressing that the report will have no impact on the general elections due early next year, the minister said: "...People have and wisdom and maturity. These reports could also be coloured, influenced and these are most inappropriate and objectionable."
Sharma further said: "We don't need these kinds of daily certification or assurances. We are a self confident nation... what I feel is that any agency (or) organisation should be focused on their job particularly when it comes to functional democracies.
"...We surely would not be entertaining prescriptive approaches or prescriptions from those who are totally disconnected... Do we tell other countries that what their voter should decide. Respect democracy and respect country."

Any prescription, he added, amounted to "insulting the collective wisdom" of 800 million voters.
India, Sharma said, had throughout demonstrated its commitment to reforms and an open economy and would continue to create an environment supportive of FDI.