India Inc 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, AdiGodrej, Anil Agarwal and Sunil Mittal cheered as trends pointed towards the BJPand allies returning to power with a thumping majority, saying it was the timefor deep reforms entwined with India’s ambition to emerge as a globalsuperpower.
“The government will now re-ignite its reforms agendato push growth, tackle critical issues like creating more jobs, usher in moretax-friendly laws, strengthen India’s position in global trade while protectingdomestic industry from dumping and create more conducive environment to attractFDI in critical segments like mining and Oil & Gas,” Vedanta ResourcesChairman Anil Agarwal said.
Bharti Enterprises Founder & Chairman Sunil BhartiMittal said the phenomenal mandate clearly underlines the nation’s unambiguousconfidence in Prime Minister Modi’s decisive and visionary leadership. Thissolid verdict would further strengthen his resolve to drive forward theeconomic agenda to ensure that the fruits of the economic momentum continue toreach the poor, so visible during the last five years, he added.
Mahindra Group Chairman Anand Mahindra said that Modi is setto become the most powerful democratically-elected leader in the world afterthe thumping win. “Size of the country (Land mass+population) X Size ofthe Economy X Size of the election mandate = Leader’s Power Quotient. By themeasure of this crude formula, @narendramodi is about to become the mostpowerful, democratically elected leader in the world today…,” Mahindratweeted.
CII Director General Chandrajit Banerjee termed the verdictas a mandate for development and said, “The election results willreinvigorate the strong and constructive government-industry partnership anddialogue for growth built by the government in its previous term…” In ablog post, Biocon Chairperson and MD Kiran Mazumdar-Shaw said the NDA 1.0succeeded in formulating a five-year strategic plan which has been wellappreciated by the country as is evident from the poll results.
“Therefore, NDA 2.0 must focus on the implementation ofthis plan in order to unlock opportunities for inclusive economic growth. Overthe next five years NDA 2.0 must introduce policies that are bold, innovativeand transformational to translate the economic potential into prosperity forall,” she said.
Dalmia Bharat Group Managing Director Puneet Dalmia said,”The results are a clear indication that the country and its people areall for progress and stability.”
Terming the NDA victory as a “strong mandate forcontinuity”, JK Organisation Director Harsh Pati Singhania said, “Ihope the government will redouble its efforts and continue the process ofeconomic and social reforms and build on the strong foundations laid in itsfirst term.” PHD Chamber of Commerce and Industry (PHDCCI) PresidentRajeev Talwar said the majority mandate has laid a heavy responsibility on thegovernment to take unprecedented economic and social decisions that willtransform the Indian economy from its current size of USD 2.6 trillion towardsa growth rate of 8 to 10 per cent each year in the next five years.