Sanjiv Goenka
India in better position than most other countries: Sanjiv Goenka on economic situation
Kolkata/IBNS: Founder and Chairperson of RPSG Group Sanjiv Goenka said India is in a better place than most nations during the current conflict between Russia and Ukraine.
"We are in a much better position than most other countries. Once the Russia and Ukraine conflict ends, a flurry of investments will be announced," he said at the fifth edition of the India Today Conclave East.
Goenka said that the situation during the Covid pandemic and that of current geo-political conflict are different.
"Covid, when it hit us, was huge uncertainty. Today it is a political one due to the Russia and Ukraine conflict. Once this ends, there will be a rush of announcements. Investment plans have been chalked out," Goenka said.
Currently, he said that sectors like steel, cement, and paper are doing very well.
Goenka said that his company's greater focus on fast-moving consumer goods (FMCG), retail, sports as this helps connect with consumers directly.
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