India Inc hails Modi victory, looks for bold reforms

Tags: INDIA Inc, Modi, News
Happy at the clear mandate given by voters to the BJP-led NDA, India Inc today exuded confidence that Narendra Modi will initiate bold and decisive policy reforms to promote economic growth.

"A clear mandate is positive for India. Ficci hopes that this mandate will help the leadership restore much needed investor confidence, attract higher investments and generate employment, especially in the manufacturing sector," Ficci President Sidharth Birla said.

Modi appears all set to be the next Prime Minister with BJP likely to get a majority on its own, as per the results trend since this morning. BJP-led NDA is expected to get over 300 seats in the 16th Lok Sabha elections.

Assocham President Rana Kapoor said: "A majority mandate gives hope of a stable government, paving the way for bold and decisive policy reforms. This can herald a sustainable 10 per cent growth of the economy in the next 18-24 months".

The nation, Birla said, awaits an era of minimum government and maximum governance.

"Industry must be seen as a key factor in the nation's advancement by enabling efficient provision of goods and services and creation of jobs," he added.

Welspun Renewables Energy Vice-Chairman Vineet Mittal said: "This is a win for the people of India and demonstrates how young participation can transform the country.

"Stable government with clear majority will boost confidence of the industry, global community and foreign investors."

PHD Chamber of Commerce President Sharad Jaipuria said: "Manufacturing sector reforms should be at the top of the agenda of the new government to enhance its growth and productivity to generate millions of employment opportunities in the economy".

EDITORIAL OF THE DAY

  • Reservations, along with economic subsidies, must go to get India moving

    A young man, in his early twenties, starts an agitation demanding reservation for the community he represents.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

The China story isn’t over yet

China’s financial markets are currently in the eye of a ...

Anuja Sharma

Love yourself to love others

“There are two basic motivating forces: fear and love. When ...

Gautam Gupta

It's a 'blog eat blog' world out there

Let me tell you, fashion journalism has truly taken the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture