NDA 2.0: Gopichand Hinduja says responsibility on Modi to speed up economic reforms
Ronnie Screwvala said it's now time for Make in India 2.0.
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G.P. Hinduja, Co-Chairman, Hinduja Group
“This colossal verdict is also the vote for economic stability and hope for aspirations of young India. It brings a responsibility on PM Modi’s shoulders to speed up the economic reforms to accelerate India’s economic trajectory. We need more FDI to come in, more investors and more industry to come into India. NDA 2.0 has to roll out the red carpet to further improve ease of doing business by enhancing the Centre-State coordination through a GST-like council.”
Ajay Singh, Chairman and MD, SpiceJet
"This is a mandate to build a strong, proud and prosperous India. The country must grow at 10% for the next ten years and this government will ensure that we shed the tag of a ‘developing’ country and proudly take our place in the big league of economic superpowers. The election verdict is a big win for India and its 1.3 billion people.
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India’s aviation sector has witnessed remarkable growth in the last five years and I am confident that we will continue to be the fastest growing aviation market in the world. We hope that our government will address the structural challenges facing the sector urgently. If this is done, there is no doubt that Indian carriers will become leading global players, and India will be a global aviation hub that surpasses Dubai, Abu Dhabi and Singapore.”
Ronnie Screwvala, Co-Founder and Chairman, upGrad
“Under PM Modi’s leadership, the government has a proven track record on strong execution and reviewing its impact. Now it’s time to move towards taking bold steps to overhaul our systems at the grass root level especially vis-à-vis education and training for innovation more than just skills, in order to ensure our position as one of the top three economies in the world.
"The country now needs to move away from the cost-based arbitrage global label we have to an innovation-led economy. As the next step, I also urge the government to fix the sharp divide amongst the rural & urban India and rich and poor with a focus on skill-development and self-sustenance. In the coming years, India needs to move towards a post-arbitrage model where the focus lies on home-grown companies & a massive entrepreneurship wave v/s an outsourcing model- that has been the bedrock of Indian economy so far. It’s time for Make in India 2.0 – with a focus on innovation and creativity.”
Aditya Ghosh, CEO, India & South Asia, OYO Hotels and Homes
The top boss feels that the general elections in India is the biggest testament to the power of democracy in the world. He hopes for a new beginning of inclusive growth that helps the common man in turn.
My thoughts on #ElectionResults2019 https://t.co/0wVnI9GUFd— Aditya Ghosh (@iamadityaghosh) 1558613042000
Sharad Agarwal, Head, Lamborghini India
"We hope to see reforms and policies that can further the infrastructure development in the country and act as an engine of growth for the automobile industry."
Tulsi Tanti, Founder, Chairman and Managing Director, Suzlon Group
“The entire country has reposed its faith in the governance and strong leadership of Modi. We look forward to the NaMo 2.0 government delivering on its promises by spearheading the growth of the agriculture, social sectors and industries with dynamic policy changes that will fuel overall economic growth, energy security, and job creation. We are confident that the Modi government will ensure ease of living, ease of doing business, and make India clean, green and safe country.”
Rudra Chatterjee, President, Indian Chamber of Commerce (ICC)
“Policies undertaken by the government have delivered fast economic growth, increased foreign investment and significantly eased the process of starting and doing business.
Now, priority must be given to enhancing investment expenditure, creation of jobs through the private sector, addressing rural issues, and keeping fiscal deficit under control.
The government should start implementing more reforms like increasing liquidity to the financial sector, reducing the GST slabs, undertaking land and labour reforms, continuing major infrastructure projects, and encouraging more private sector investment in the economy”.
Harshil Mathur, CEO and Co-Founder, Razorpay
"This government has had a very strong focus on Digital India and FinTech. Last year, a lot of programs were initiated towards digitisation, and increasing access to FinTech. We expect the government to ensure a fresh commitment to democratise digital payments. The impact of GST should bring more people into the tax bracket. We are hoping for tax and GST benefit for businesses opting for digital transactions."
Bhavin Turakhia, CEO & Co-Founder, Zeta
"In the last four years, Indian B2B startups have more than tripled. Our country is now taking giant strides towards becoming one of the fastest growing startup hubs globally. To make this a reality and accelerate their growth, the government must put in place measures such as training hubs for entrepreneurs across India to ease flow of capital, regulatory compliance and more. Further, these hubs must act as one-stop knowledge, research and development centers so that startups can focus more on innovation and less on processes. Thus, acting as a catalyst or emerging startups across sectors"