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Home >> News >> Reservation in Private Sector will affect Investment Climate says Assocham

Reservation in Private Sector will affect Investment Climate says Assocham

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IndiaNewsonWeb: 15 Nov, 2017, Any initiative of reservation in the private sector will have a negative effect on the investment environment of the country. Political parties should avoid taking any such steps so that investors get 'wrong' signals. This is what Assocham, the leading business body of the industry, said. Assocham said that at the time when India's economy is moving towards improvement, any political statement given to the reservation in the private sector can be a major setback for the investment environment in the financial sector.

 

However, Assocham has emphasized on positive initiatives in this direction. He said that the benefits given by the leap forward in the World Bank's business facilitation ranking are not in favor of losing industry. Assocham said that the industry is already struggling with the challenges of the goods and services tax (GST) with short-term impact of the demonetization.

 

This comment from Assocham came after some statements from some politicians, in which he advocated reservation for Scheduled Caste / Scheduled Tribes (SC / ST) in private sector jobs. Recently, the leader of Lok Janshakti Party and Union Minister for Food and Consumer Affairs Ram Vilas Paswan had demanded reservation in jobs in private sector companies. Similar demands were made by some other leaders also.

 

Assocham Secretary General DS Rawat said that political parties should instead focus on creating an environment in which lakhs of jobs can be created in public and private sectors. He has urged political parties to avoid sending wrong signals to global and domestic investors. He said that if populist sentiments are fired in the political economy of the country, then its growth will have a negative impact on the environment.
 

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