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Power Min snubs Deepak Parekh, says economy is doing well

Parekh Wednesday said there was some amount of impatience creeping in as to why no changes were happening and why the business optimism was taking so long in reflecting on the ground

Power Minister and senior BJP leader Piyush Goyal has rebutted industry leader Deepak Parekh’s view that doing business in India has not got any easier in the NDA regime’s first nine months.

“The shares of Deepak Parekh’s companies–HDFC and HDFC Bank–have been doing very well, and that is possible only when the business and the economy does well,” Goyal said in an interview to CNBC-TV18 Awaaz’s Sanjay Pugalia.

“There is lot of action happening on the ground, and I am surprised that people are saying there is nothing happening,” Goyal said.

“If he  (Parekh) is unhappy about some personal matter, then he should speak about it,” Goyal said.

Parekh Wednesday said there was some amount of impatience creeping in as to why no changes were happening and why the business optimism was taking so long in reflecting on the ground.

Known for his bluntness, Parekh had raised this issue a couple of months earlier too.

“We are riding a feel good wave and we are lucky that it has lasted so long. But time is ticking fast… The progress of this new government is being increasingly scrutinised and living up to the built-up expectations will not be an easy task,” Parekh had said at a public event in November last year.

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