Karnataka   

Political instability hits industry

BANGALORE: The political instability and the fall of three governments in the last 41 months may result in a lowering of investment confidence and may slow the flow of investment in the coming days.

From industry associations, information technology businessmen, small entrepreneurs and economists to fruit vendors the view was that governance in the State has been in a limbo for too long and the absence of popular government would impede the industrial growth and drive away the capital from the State. Factors such as absence of a popular government, and the lack of coordination among various departments would slow down the flow of investment.

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