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