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Modi Win & India Inc's Great Expectations

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A stellar performance by the Narendra Modi-led Bhartiya Janta Party in the Lok Sabha elections, has raised great expectations from corporate India. With the share market touching new heights, the investors’ community wants the new government to hit the ground running and show results over the next three to four months.
 
The counting trends suggested that the BJP will touch the magic figure of 272 seats on its own while its allies will take the final  tally to more than 330- a brute majority after almost 30 years for any party in the country.
 
Sumant Sinha, Chairman & CEO, ReNew Power Ventures Ltd said “The expectations are high. Now the new government has all the tools at their disposal and India needs a lot of things to get done at this point of time.” (Watch Video)
 
On the question of how much time does the government needs to prove its mettle, Sinha said “They (government) would be in business right from day one but I would give government a month or two. The real and the more important point is going to be the presentation of the new budget and the government needs to move forward from their implementing their policies”
 
While the UPA government, too, had reformist agenda for the economy, but it failed to implement its policies on ground, according to India Inc.  
 
Sectors like health suffered due to red tapism and lack of will in implementing the policies Talking about the failure of the public Private partnership in the health sector, Dr Naresh Trehan, CMD, Medanta hospital said “In the planning commission makes a policy, the finance ministry starts its own model, when the finance ministry send its model to the health ministry, then the health ministry comes up with its own model. .. So nobody is in charge. If Mr Modi means business we can get it done in a few months and can get going.” (Watch Video)
 
The first few months will require the Modi government to come up with a concrete plan to revive the Indian economy which is growing at less than 5 per cent at the moment.
 
Also Read: India Inc Hails Modi Victory, Looks For Bold Reforms

This government should have a short term plan, which they can demonstrate over the next 2-3 months. They should also demonstrate what are their medium term plan and a long term plan which goes beyond 5 years.”

 
  
(Left to Right) SK Munjal, Vishnu Mathur & Nick Senapati (Click To Watch Videos