India Inc's general mood is largely optimistic post the incumbent government's landslide victory.
Results and election numbers were yet to be announced but numbers as reported by the Election Commission were sufficient to suggest the next government.
With the Bharatiya Janata Party on course for a historic win, India Inc cheered and shared their expectations from NDA version 2.
Here are some of the observations from India Inc:
Adi Godrej, Chairman of Godrej Group believed that corrective steps were needed to improve India's Gross Domestic Product (GDP). He was quoted in a PTI story suggesting corporate taxes should be brought down to 25 percent.
"They have done it for smaller companies but they haven't done it for larger companies. I think that is a very important move and there will be many other moves that will help revive growth," he was quoted as saying.
Anand Mahindra, Chairman, Mahindra & Mahindra and India's most tweeted and well-informed corporate leaders shared his thoughts:
लोक सभा चुनाव की प्रभावशाली जीत पर प्रधानमंत्री मोदीजी और पार्टी अध्यक्ष श्री अमित शाह को बहुत बहुत बधाई। एक नए भारत निर्माण के लिए अब आपके पास शक्तिशाली जनादेश है। हम सभी, बड़े उत्साह से असरदार शुरुआती १०० दिनों की उम्मीद करते है। हम सब की शुभकामनाएं आपके साथ हैं।— anand mahindra (@anandmahindra) May 23, 2019
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...— anand mahindra (@anandmahindra) May 23, 2019
Uday Kotak, Managing Director of Kotak Mahindra Bank too shared a tweet.
As I watch the counting,I get the unmistakeable feeling that a turning point in history is unfolding before my eyes. 2 new power blocs are overthrowing the establishment.Not talking about political parties but Women & Young,new voters. Increasingly, they will shape India’s future— anand mahindra (@anandmahindra) May 23, 2019
Time for transformation of India. Time for deep reform. I dream of us as a global superpower in my lifetime. Heartiest congratulations to @narendramodi , the BJP, and the NDA.— Uday Kotak (@udaykotak) May 23, 2019
Harsh Goenka, Chairman RPG Enterprises, tweeted expectations from Modi 2.0.
What Modi 2.0 should now do :— Harsh Goenka (@hvgoenka) May 23, 2019
1. Job creation for youth
2. Develop credibility of institutions
3. Drive agri reforms
4. Usher in social harmony
5. Improve talent deficit in government
6. Thrust on manufacturing and infrastructure
Above all, he now deserves a short break!
"The election results will reinvigorate the strong and constructive government-industry partnership and dialogue for growth built by the government in its previous term," said CII director general Chandrajit Banerjee.
Rajeev Talwar, the President for PHD chamber of Commerce and Industry added that the majority mandate added a responsibility on the government to transform the Indian economy from $2.6 trillion towards a growth rate of 8-10 percent in the coming five years.
"The government will now re-ignite its reforms agenda to push growth, teackle 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 and gas," PTI quoted Vedanta resources chairman Anil agarwal as saying.
Kiran Mazumdar Shaw, Chairperson & MD, Biocon Ltd,
Shaw in an interaction with TV channel CNBC said that she expected a single slab GST structure to improve economy and focusing on rural economy to address agrarian stress.
Going by Exit Polls, NDA 2.0 must focus on implementation n execution of 5 Year Strat Plan drawn up in NDA 1.0 which was more Vision n rhetoric. Economic engine needs revving with bolder reforms n job creation measures. Agri-rural economy needs urgent attn FPOs must be focus— Kiran Mazumdar Shaw (@kiranshaw) May 23, 2019
Dr. Arvind Panagriya, Economist & Former VC, Niti Aayog:
Two days prior to the poll-counting, Dr Panagriya had shared his opinions on privatisation of PSUs. On the day of counting, he tweeted suggesting big reforms to come in the days to come.
130 crore Indians have spoken. They want the New India of PM @narendramodi. India lost its first opportunity for transformation in 2004. Not this time. I can now look forward to a poverty free and prosperous India in my lifetime. BOLD reforms await.— Arvind Panagariya (@APanagariya) May 23, 2019
Ritesh Agarwal, Founder & CEO Oyorooms,
Vani Kola Managing Director of Venture Capital firm Kalaari:
HDFC Chairman Deepak Parekh, speaking to CNBC TV18 also said, "The reform process will begin soon and we keep hearing that there is a 100-day programme already prepared by the prime minister. We do not know what it is, but I am sure job creation will be part of it. And there is nothing better than pushing affordable housing and road construction to create more jobs. I think these two measures are massive job creators. I am sure that the government will push these initiatives."