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Never Bet Against India: Anand Mahindra Amid Adani Row
Anand Mahindra slammed the international media for speculating about current challenges in the Indian business sector
Photo Credit : Reuters
Amid the ongoing controversy due to the Hinderburg report on Adani Group, Anand Mahindra, Chairman of Mahindra Group on Saturday said that never bet against India.
He took to Twitter and wrote and slammed the international media for speculating about current challenges in the Indian business sector.
He tweeted, "Global media is speculating whether current challenges in the business sector will trip India’s ambitions to be a global economic force. I’ve lived long enough to see us face earthquakes, droughts, recessions, wars and terror attacks. All I will say is: never, ever bet against India."
Talking about the Hinderburg report, the America-based company raised concerns about shares of Adani group firms having a possibility of declining from their current levels, owing to high valuations.
In response, Adani Group said that Hindenburg's report was not an attack on any specific company but a "calculated attack" on India, its growth story, and ambitions. It added the report was "nothing but a lie".
(With ANI inputs)