Best time to take advantage of global crisis: Ficci chief

Anish Shah says domestic companies are well-poised to step up capital investments

- Gireesh Chandra Prasad

Indian companies should take advantage of the economy’s faster-than-expected growth and make capital investments despite global challenges, said Anish Shah, president of the Federation of Indian Chambers of Commerce and Industry (FICCI).

While some sectors such as hospitality are taking the lead in making investments, others are cautious due to global challenges, although it would only be a matter of time before they too follow suit, Shah said in an interview.

Conceding there were challenges in terms of global economic growth and geopolitics, Shah insisted India’s economy was on firm ground given its robust growth rate. 

"Indian companies are well-poised because their balance sheets are deleveraged," he said. "And if we do see a global crisis, this is the best time for India to take advantage of that crisis."