Ad Here  
December
January
March
March
May
May
 
 
One down, one to go Speed up the railways Breakthrough Budget Science diplomacy: bridge the world through science Matchless at 70 Netherlands to join India in Make India campaign and Smart City projects No lessons learnt AKKINENI NAGESWARA RAO The religion named Football Happening Haryana Spate of disinvestments by private sector too! Ooh la la... Guzarathukars and Palkarars of Erode... Vibrant show by corporates Business wanted Modi as PM. It’s time to back up. Foreign Investors’ get major relief from RBI Union Budget: Voices JAM – Jan Dhan, Aadhaar and Mobile The helpless voter Selective lobby session with Jaitley... What’s the fallout for 2014? We pull each other down needlessly... Demonnetisation or demonisation? Take a cue from western partners Mysuru – India’s cleanest city Electricity finance reform at last Less government, better governance… Case for phasing out LPG subsidy... Brilliant Saeed Saab It is attracting investments, stupid! A spectacular Shanghai show ‘Big ideas’ of Modi… In paper? Or in action? India Inc excited about Modi’s elevation Hey, CAs. Be more vigilant. Whose money is it anyway? Service or dis-service The national power grid at last! 250 days of Modi government From Father India to Mother India Scientists’ responsibility to society
 
India Inc excited about Modi’s elevation

It is perhaps Corporate India’s finest hour that a pro-reforms, pro-progress and pro-business candidate has been elevated to the Prime Minister’s office.

Its an open secret that leading business houses from Gujarat including the Ambanis and the Adanis, besides various trade bodies had all pinned their hopes on a Modi victory. They expect the regime to reverse the policy paralysis at the Centre and kick-start production in the manufacturing sector besides checking inflation, fiscal deficit and substantially reducing capital account deficit.

Hopes are riding high in the corporate sector, on the budget that the Modi government is likely to present in July first week.

 “Modi’s government will simplify tax rules, bring transparency in government procedures and reduce corruption in interactions between citizens and government departments,” said Sanjeev Sanyal, Deutsche Bank AG’s global strategist.

Investors are convinced that Modi can be a ‘mover and shaker’ of the Indian economic scene. Stock market indices were up on the results day in anticipation of a Modi wave. The new regime’s supply side measures will take at least one and half years to come up with results. Foreign investors had moved in US $ 16 million in a six month period prior to the election to swell portfolio investments to US $ 240 million.

Modi is equally aware that he has to manage expectations of the corporate sector, needs of the poorer sections of society and the rising aspirations of the younger generation which forms the future of the country. He is not likely to disappoint, given his 12 year positive track record in Gujarat; now touted as the Gujarat model of development.  

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com