India Inc appears losing confidence on Modi: AICC leader

Terming the Narendra Modi-led government as a "catch headline government", Congress today said the Indian industry, it appears, is fast losing confidence on the NDA rule.
"Narendra Modi spoke to economists and industry watchers about a new economic blueprint for India. A year has since passed by and economic blueprint has turned out to be a headline management print," All India Congress Committee General Secretary C P Joshi said at a press conference here.
"An insatiable quest for personal propaganda, event management and attractive slogans has made the Modi Government as 'catch headline' government rather than 'catch investment' government," he added.

Joshi said the India Inc appears to lose confidence in Modi government's 'real time delivery' promise and definitely wants Modi to effect delivery than dialogue.
"Growth in eight core industrial sectors is down to 3.5 per cent in 2014-15 and it is lowest since 2009. Cement industry has seen zero growth in December quarter with net profit slipping by 26 per cent... Index of Industrial Production grew in March at 2.1 per cent only," he added.
Joshi said exports have fallen by over 11 per cent in 2015 as compared to last year.