Mumbai terror: negative setiment short term; FM bullish on long run

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New Delhi, Nov 28 (UNI) Finance Minister P Chidambaram today said the Mumbai terror attacks will have a ''negative impact on investor sentiment'' in the short term, but said India will remain an attractive destination in the long run as a result of the policies being pursued relating to domestic and foreign investment.

Mr Chidambaram told reporters here that in the few days and weeks after the attack, the investor sentiment can remain negative.

He said in the immediate future both domestic and foreign sentiment gets affected and cited the instance of bombings in Madrid, London and Tokyo.

''I am confident that we can overcome the negative sentiment in the medium and long term. Investment will continue to be made in industry. Even domestic investment can reverse in the medium and long term,'' he said.

''I am confident that we will be able to show that we are strong, confident, and matured economy'' with ability to handle inimical force.


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