There is a rule of law in India, business heads don’t disappear overnight: Finance Minister Nirmala Sitharaman

The unpredictability and randomness of an authoritarian political system cannot match the stability and predictability offered by a democracy such as India Union finance minister Nirmala Sitharaman took cheeky potshots on Saturday at China while explaining why India is the global destination for businesses and why the optimism surrounding the country even amid a bleak global outlook, isn’t misplaced. On being asked by Ashok Malik, a former advisor to India’s ministry of external affairs and now country head of The Asia Group — a business advisory firm – on what makes India confident that it can stem the tide and be the hinge on which global growth hinges, the finance minister was quick to point out that India has “the right combination of things that help in economic growth. The Washington Post says all that is known is that Bao is “assisting the government of the People’s Republic of China with an investigation.” Refer Bao’s vaporisation is eerily similar to the fate suffered by China’s flamboyant billionaire Jack Ma, founder of one of world’s largest tech giants, Alibaba, who disappeared in November 2020 after a speech seemingly critical of China’s finance architecture. This indicates India is the destination for businesses.” On what lends stability to the Indian economy despite the global turbulence, the minister said, “It’s because at every level, from prime minister to secretaries, all of us were in contact with people that gave us inputs.