terrorism

The fallouts from Mumbai’s most recent terrorist incident have been many. There’s been public outrage over the incident and political repercussions that’s led to ministers resigning or changing portfolio’s like India’s former Finance Minister moving into the Interior/Home Ministry after the attacks. From a commercial point of view the biggest sector that has felt the immediate impact of the Mumbai attacks has been the growing Billion Dollar Tourism Industry. Sensing the need of the hour the Tourism Ministry headed by Ambika Soni is trying very hard to bring tourists back to India.

As the body count from within the Taj Mahal and Oberoi Hotels begin, Mumbai and all of India is just beginning to understand what has happened because for the past sixty or so hours everyone has just been waiting for the terrorist situation to end. It is only now that the fallout and the blame game will begin. From a business point of view Mumbai has suffered as said earlier .A number of people have died in this tragedy including businessmen like Ashok Kapur, the Non-Executive Chairman of Yes Bank.

On a historic day in India, it is very hard not to talk about what has happened. As many as 26 terrorists entered Mumbai, the financial capital of the country on Thursday and have since then left the city in a state of chaos and disruption. Two hotels, one of which the iconic Taj Mahal is in tatters with it’s trademark dome almost burnt into extinction and the other the Oberoi Trident still holding hostages and hostage takers. The results have been there for the world to see. A Hundred And Twenty Five dead and nearly three times as many injured. From a business point of view the first fallout has been the image of Mumbai because it’s taken a massive beating.