‘Political system under stress due to fractured ve
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Last Updated: Wednesday, March 28, 2012, 23:29
  
Mumbai: Indian political system is under stress because of populism and fractured verdict in polls, Maharashtra Chief Minister Prithviraj Chavan said on Wednesday.

"The political system, which in a way has been the strength which held this country together, is under stress because of too much populism and fractured verdict that people are delivering," Chavan said.

Chavan, who heads the Congress-led alliance government in the state, was speaking at the Business Standard awards function here this evening.

"We are at crossroads. Institutions are being tested, there is uncertainty all around. We don't know how the global economy shapes up, how it will affect the Indian economy.

Political situation is unstable, the price of fractured polity is being discovered over and over again," the Chief Minister said.

"But the recent elections have shown us that perhaps people are voting for clear majorities. Dangers of fractured polity, divided verdicts, its impact on decision-making, on growth rates is being appreciated by voters," Chavan said.

Speaking about India Inc, he said companies should leverage opportunities presented by the stressed assets abroad due to economic slowdown and added the government should have a long-term view and support such acquisitions.

PTI


First Published: Wednesday, March 28, 2012, 23:29


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