The Indian stock market reopened for trading today, after having closed on Thursday following the terrorist attacks in Mumbai, India’s commercial capital. After an initial fall, the markets were behaving normally once trading started, said a strategist working for a research firm. However concerns do exist that the attacks may have a longer-term economic impact.
This is not the first time that Mumbai has faced terror attacks. Each time the city has been attacked that city has only bounced back, that is the spirit of the people of Mumbai. The people of the city as well as the businesses in the city and the foreign investors rest assured that the city will not let them down. A standard Chartered Bank employee is quoted as saying “this time will be no exception.”
In my opinion it is clear that the attacks were just to destabilize the country as the attackers seem to have no other motive in particular other than just making their presence felt. Being from the city however, I feel like this time it is different. Mumbai is known to bounce back each time but this time the city seems shattered. It is or rather was the safest city in the country and now news clips show not a soul on the streets once its dark. I mean the city will definitely bounce back but I don’t think it will be like all other time when come Monday and people just carry on with their life and pretend nothing ever happened. This time I feel the impact is deeper hence I am not surprised when they say that the concern of a long-term economic impact exist.
