Terming the stock market crash after Monday's twin-blast in Mumbai as a "small blip", Finance Minister Jaswant Singh said the fundamentals of the economy and the markets were strong.
Industry chambers, too, said though the stock markets dipped heavily, the fundamentals of the economy would remain unaffected and there was no need for panic following the two bomb explosions in Mumbai.
Reacting to the Sensex loss, secretary general of Federation of Indian Chambers of Commerce and Industry, Amit Mitra, told PTI in New Delhi that the foreign reserves of $83 billion would remain unaffected along with the food grains stocks of 51 million tonnes.
Appealing to the law enforcing agencies to "quickly bring to book the guilty", Mitra said corporate growth is also expected to sustain its trend and that the Indian economy had the "capacity to digest such incidents and there was no need for panic".
Mourning the death of the victims of Monday's blasts in Mumbai and recalling the incident as "horrific", president of Confederation of Indian Industry, Anand Mahindra said that these were mere hindrances in India's march towards becoming an economic and political power.
Calling on the people of Mumbai to stand united and firm, Mahindra said, "it will be business as usual and we are not going to be deterred from becoming an economic power".
© 2026