Thursday, 23 Jan, 10.10 am DailyAddaa

No One Invests "Where Buses Burn", Warning Of Sadhguru Jaggi Vasudev On CAA Protest

New Delhi: A video that was tweeted by PM Narendra Modi last month of Sadhguru Jaggi Vasudev speaking on the support of citizenship law, on Wednesday said that the continuing protest could hamper the image of India in abroad and will keep away foreign investment which the country needs acutely.

At the World Economic Forum in Davos, Switzerland, Sadhguru said, "No one would want to invest in a place where buses are burning on the streets" quoted a news agency.

Sadhguru said protests do not cause concern. "But when buses are burned at a few places, the image stays. Though it is a small thing... but when I say a small thing, it is not across the country. It happened in a few places. We can't ignore it," he said.

It is our business as a nation to see that we don't project images of civil unrest... because without a tremendous amount of foreign investment, we will not be able to achieve what we want to achieve in the country when 400 million people are still undernourished," he said to news agency adding, "As Indians, it is our business to show that it is a safe place to invest".

Sadhguru Jaggi Vasudev's words came in the backdrop of concern at Davos over the ongoing protest over Citizenship law and National Register of Citizenship.

In the Democracy Index 2019, India is dropping 10 places. With its lowest ever score of 6.9 out of 10 the country has placed 51st of 165 nations and two territories.

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"It is important to encourage investment more broadly with the mandate of the country," IMF's Chief Economist Gita Gopinath had told the news agency.

"We need to revive domestic investment in India, consumption spending is weak. So I think the environment has to be created for greater investment because that's what will raise the capital stock and raise India's potential growth,'' she had added.

She had also said the IMF will "follow" the protests in India and "see what this does in our next assessment in April".

Regarding the other slide, the one on the economic front of the prescription from the International Monetary Fund's prescription was a lot of foreign investment. The International Monetary Fund has slashed India's growth forecast to 4.8 percent, a cut of 1.3 percent in just three months.

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