NEW DELHI: India Inc expects “bolder reforms” and measures to foster economic development as Narendra Modi took oath for the third consecutive term as PM on Sunday.
“Congratulations to Narendra Modi ji for becoming the Prime Minister for the third time. Hope the new term will prove to be important for the development and prosperity of India,” Mahindra Group Chairman Anand Mahindra said in a post on X.
FICCI President Anish Shah said the third consecutive term for the NDA paves the way for continuity in the reform agenda.
“We look forward to progressive policies and measures that will foster economic and social development and build a strong foundation for ‘Viksit Bharat’,” Shah said. “With your taking oath as the Prime Minister for the third term India Inc is feeling confident that leadership of the country will be steered to greater heights, maintaining the fastest pace of growth amongst the major economies of the world,” Assocham Secretary General Deepak Sood said in his congratulatory message to PM Modi.
Sanjeev Krishan, Chairperson, PwC in India, said the incoming government shoulders the task of shaping the economic and social destiny of the world’s most populous and young democracy.
Meanwhile, the commerce and industry ministry may seek more funds for start-ups in the forthcoming Budget. The seed fund scheme, announced in April 2021 with a corpus of R 945 crore, will end in 2025, and the ministry may consider proposing a new scheme on similar lines. There are over 1.17 lakh government-registered startups in the country.