Corporate India Awaits Bold Reforms Post PM Modi’s Landslide Victory

India Inc on Thursday said BJP-led NDA’s stupendous performance in Lok Sabha polls as indicated by trends is an endorsement of Prime Minister Narendra Modi’s decisive leadership, asserting that NDA 2.0 must unleash bold initiatives to transform the economy.

Several corporate honchos, including Anand Mahindra, Adi Godrej, Anil Agarwal and Sunil Mittal cheered as trends pointed towards the BJP and allies returning to power with a thumping majority, saying it was the time for deep reforms entwined with India’s ambition to emerge as a global superpower.

“The government will now re-ignite its reforms agenda to push growth, tackle critical issues like creating more jobs, usher in more tax-friendly laws, strengthen India’s position in global trade while protecting domestic industry from dumping and create more conducive environment to attract FDI in critical segments like mining and Oil & Gas,” Vedanta Resources Chairman Anil Agarwal said.

Bharti Enterprises Founder & Chairman Sunil Bharti Mittal said the phenomenal mandate clearly underlines the nation’s unambiguous confidence in Prime Minister Modi’s decisive and visionary leadership.

This solid verdict would further strengthen his resolve to drive forward the economic agenda to ensure that the fruits of the economic momentum continue to reach the poor, so visible during the last five years, he added.

Mahindra Group Chairman Anand Mahindra said that Modi is set to become the most powerful democratically-elected leader in the world after the thumping win.

“Size of the country (Land mass+population) X Size of the Economy X Size of the election mandate = Leader’s Power Quotient. By the measure of this crude formula, @narendramodi is about to become the most powerful, democratically elected leader in the world today... (sic),” Mahindra tweeted.

CII Director General Chandrajit Banerjee termed the verdict as a mandate for development and said, “The election results will reinvigorate the strong and constructive government-industry partnership and dialogue for growth built by the government in its previous term...”