India Inc on Thursday rallied behind the Army’s move to conduct surgical strikes on terror launch pads across the Line of Control and said it was time to act tough while ruling out any negative impact on the country’s economy and trade.

quot;Our civil n sic decent response in the past hasn’t been met with reciprocity so it’s time to act toughquot; Biocon CMD Kiran Mazumdar-Shaw tweeted.

Recalling an earlier tweet in which he had said quot;I trust our army. They know how to pursue amp; retaliatequot; in the wake of the Uri attack industrialist Anand Mahindra said: quot;I don’t need to add anything more today…quot;

PHD Chamber of Commerce and Industry President Mahesh Gupta said there will be no impact on India’s trade and economy adding that the volatility in the financial markets will also be short lived.

India’s exports to the neighbouring country worked out to 2.17 billion or 0.83 per cent of the total Indian outward shipments while imports were less than 500 million or 0.13 per cent of the total inward shipments.

quot;The Indian economy has a strong bandwidth to deal with any possible after effects of the current state of tensions with Pakistanquot; Assocham Secretary General D S Rawat said.

The chamber said that while reaction in the stock market to the news of India’s surgical strikes was understandable there is no cause of concern for the country’s economy which has the capabilities to withstand any extra costs to be borne for the sake of our national security.

Industry bodies Ficci and CII declined to comment.

Exporters’ body FIEO Director General amp; CEO Ajay Sahai too ruled out any negative impact on India’s trade with other countries.

However asked about the implications on India-Pakistan bilateral trade Sahai said India’s move to review the most favoured nation MFN status accorded to its neighbour has raised some uncertainty for exporters on whether trade will normalise in the future.

Reacting to the reports of surgical strikes the Sensex plummeted 465.28 points to end at 27827.53; whereas the Nifty nosedived 153.90 points to 8591.25.

India carried out ‘surgical strikes’ on terror launch pads across the Line of ControlLoC in Jammu and Kashmir last night inflicting quot;significant casualtiesquot; on terrorists and those who are trying to support them.