India Inc is optimistic about further reforms and the country’s economic prosperity as Narendra Modi assumes office for the third consecutive term as Prime Minister. Corporate leaders are looking forward to a continuation of the policies that have driven India’s growth and development over the past decade. Here’s a detailed look at their expectations and congratulatory messages.
Mahindra Group’s Optimism
Anand Mahindra, Chairman of Mahindra Group, expressed his congratulations and optimism on X, formerly known as Twitter. “Congratulations to Narendra Modi ji for becoming the Prime Minister for the third time. Hope the new term will prove to be important for the development and prosperity of India,” Mahindra stated. His message reflects a broad sentiment within the corporate community that the new term will bring significant progress.
Ficci’s Vision for a ‘Viksit Bharat’
The Federation of Indian Chambers of Commerce & Industry (Ficci) echoed similar sentiments. Anish Shah, the president of Ficci, highlighted the importance of continuity in reforms. “The third consecutive term for the NDA paves way for continuity in the reforms agenda. We look forward to progressive policies and measures that will foster economic and social development and build a strong foundation for Viksit Bharat,” Shah said. He emphasized the potential for India to become the third-largest economy globally, bolstered by a stable government.
Assocham’s Confidence in Economic Leadership
Deepak Sood, Secretary-General of Assocham, expressed confidence in Modi’s leadership. “With your taking oath as the Prime Minister for the third term, India Inc is feeling confident that the leadership of the country will be steered to greater heights, maintaining the fastest pace of growth amongst the major economies of the world,” Sood remarked. His statement underscores the belief in Modi’s ability to sustain and accelerate India’s economic growth.
PwC’s Call for Resource Allocation
Sanjeev Krishan, Chairperson of PwC in India, outlined the crucial tasks ahead for the government. “The incoming government shoulders the task of shaping the economic and social destiny of the world’s most populous and young democracy. While the government will continue to strengthen the foundation of our nation, it should also consider prioritizing allocation of resources and efforts,” Krishan suggested. He emphasized the need for enhancing skill-driven employment, entrepreneurship initiatives, and R&D to boost India’s innovation landscape.
Allcargo Group’s Infrastructure Expectations
Shashi Kiran Shetty, Founder and Chairman of the Allcargo Group, emphasized the need of policy continuity in infrastructure development. “The government’s third term signals policy continuity in infrastructure development and crucial reforms. We expect the next government to maintain the capex pace while prioritizing ease of doing business and fiscal consolidation,” Shetty added. He also underlined the importance of establishing strong global logistics corporations to advance the economic growth goal.
Economic Landscape and Corporate Expectations
India’s corporate sector is clearly relying on ongoing reforms and stable government to accomplish ambitious economic targets. Leaders from many businesses are united in their optimism that Modi’s third term would result in policies that promote growth, innovation, and sustainability. The belief is that a stable and reform-minded government may propel India to become a worldwide economic powerhouse.
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