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.
By ET Online | Updated:
Agencies
Gopichand Hinduja (L) and Narendra Modi (R).
As the world's biggest elections came to an end with the counting reflecting another win for the Narendra Modi-led BJP, business leaders from across sectors weighed-in on their expectations from NDA 2.0.
Excerpts below:
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.
Scindia Routed In Guna; Yadav Family Flunk Poll Test
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The 17th Lok Sabha elections are over. In what was seen as a neck-and-neck game of thrones, some proved victorious with an impressive margin, while the rest had to the join the line of the unfortunate.
Some sons and daughters, who joined the political race could not prove as convincing in the political game as their parents.
Take a look at the political scions who failed to make it.
The 17th Lok Sabha elections are over. In what was seen as a neck-and-neck game of thrones, some proved victorious with an impressive margin, while the rest had to the join the line of the unfortunat..
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Mulayam Singh Yadav's family showed a rather subdued performance in this year's polls. While the leader and his son managed to win, his nephews and daughter-in-law weren't as lucky. Akshay, Dharmendra and Dimple Yadav failed to bring home glory in the Lok Sabha elections. Their loss was seen as the biggest jolt in the Yadav family so far.
The former sitting MPs lost their seats. Dimple lost hers in Kannauj, Dharmendra in Badaun and Akshay in Ferozabad. The SP's alliance with Mayawati-led Bahujan Samaj Party (BSP) did not prove beneficial for the Yadavs.
While Akhilesh Yadav's wife lost by a margin of 12,000+ votes, Dharmendra and Akshay lost by a margin of over 18,000 and 28,000 votes respectively.
Mulayam Singh Yadav's family showed a rather subdued performance in this year's polls. While the leader and his son managed to win, his nephews and daughter-in-law weren't as lucky. Akshay, Dharmendr..
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Congress president Rahul Gandhi, son of former PM Rajiv Gandhi and MP Sonia Gandhi, had a win and lose situation in this year's election. While the Gandhi scion won the Wayanad seat in Kerala, he failed to protect family bastion Amethi where he was trumped by Smriti Irani.
The 48-year-old lost by a hefty margin of 55,000+ votes in the territory which his family has been ruling for over three decades now.
Congress president Rahul Gandhi, son of former PM Rajiv Gandhi and MP Sonia Gandhi, had a win and lose situation in this year's election. While the Gandhi scion won the Wayanad seat in Kerala, he fa..
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Jyotiraditya Scindia, son of late Madhavrao Jivajirao Scindia, also tasted defeat this year. The former MP from Guna constituency contested elections from the same place on a Congress ticket.
After being elected and re-elected to the same seat for years, 2019 did not have victory in store for the Scindia scion. He lost to Krishna Pal Singh from Bharatiya Janata Party (BJP) by a gap of over 1,25,000 votes.
Jyotiraditya Scindia, son of late Madhavrao Jivajirao Scindia, also tasted defeat this year. The former MP from Guna constituency contested elections from the same place on a Congress ticket.After be..
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Former CM of Bihar Lalu Prasad Yadav's children, Tej Pratap Yadav, Tejashwi Yadav and Misa Bharti, tasted defeat in the just-concluded Lok Sabha polls. The Rashtriya Janata Dal candidates had a tough time competing with the BJP-JD(U) combine in Bihar.
Daughter Misa lost in Pataliputra to BJP's Ram Kripal Yadav by a margin of 39,000+ votes. Tej and Tejashwi Pratap, too, failed to make it to the Lok Sabha in the absence of their father, the party chief.
Former CM of Bihar Lalu Prasad Yadav's children, Tej Pratap Yadav, Tejashwi Yadav and Misa Bharti, tasted defeat in the just-concluded Lok Sabha polls. The Rashtriya Janata Dal candidates had a tough..
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Another political dynasty that got bowled out were the Chautalas of Haryana. Former Haryana CM Om Prakash Chautala's grandsons Digvijay and Dushyant Chautala lost the elections.
Dushyant, the son of Ajay Chautala, formed his own political party Jannayak Janata Party. The oarty, however, did not gain electoral traction and lost in the elections.
Another political dynasty that got bowled out were the Chautalas of Haryana. Former Haryana CM Om Prakash Chautala's grandsons Digvijay and Dushyant Chautala lost the elections. Dushyant, the son of ..
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A strong political dynasty of the south is the family of former Prime Minister H.D. Deve Gowda. His grandson Nikhil Kumaraswamy was the Janata Dal (Secular) debutante this year and was pitted against actress Sumlatha Ambareesh, an Independent backed by the BJP. The two competed for a Lok Sabha seat from Mandya but Kumaraswamy was not convincing enough and lost to Sumalatha by a margin of 1,25,000+ votes.
A strong political dynasty of the south is the family of former Prime Minister H.D. Deve Gowda. His grandson Nikhil Kumaraswamy was the Janata Dal (Secular) debutante this year and was pitted against..
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Veteran Congress leader Santosh Mohan Dev's daughter, Sushmita Dev, contested this year's elections from Silchar, Assam, on a Congress ticket. She competed against BJP's Rajdeep Roy Bengali and lost by a margin of 81,000+ votes.
Veteran Congress leader Santosh Mohan Dev's daughter, Sushmita Dev, contested this year's elections from Silchar, Assam, on a Congress ticket. She competed against BJP's Rajdeep Roy Bengali and lost ..
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Sunil Dutt's daughter Priya Dutt (Pic: in right) failed to make a mark in Mumbai North Central. Contesting on a Congress ticket, she was pitted against BJP's Poonam Mahajan (Pic: in left). Despite strong campaigning and her father's political legacy, she lost the elections by a margin of 1,30,000+ votes.
Sunil Dutt's daughter Priya Dutt (Pic: in right) failed to make a mark in Mumbai North Central. Contesting on a Congress ticket, she was pitted against BJP's Poonam Mahajan (Pic: in left). Despite st..
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The Congress party suffered a streak of loss this year. Former Congress leader Murli Deora's son Milind Deora tasted defeat this year. The Mumbai Congress chief was pitted against Shivsean's Arvind Ganpat Sawant and lost by a hefty margin of 1,00,000+ votes.
The Congress party suffered a streak of loss this year. Former Congress leader Murli Deora's son Milind Deora tasted defeat this year. The Mumbai Congress chief was pitted against Shivsean's Arvind G..
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.
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"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
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
"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
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.”
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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
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
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"
Poll-Pourri: Sunny Deol, Gambhir Make BJP Proud; Sorry Story For Mr & Mrs Sinha
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The verdict for 2019 Lok Sabha elections is out, and the incumbent NDA government has retained power. After a long day of suspense that saw some big-ticket candidates trailing and leading, the winners are here.
From the list of celebrities who tried their luck in politics, some made a stunning debut while others tasted defeat.
Here's a round-up of the celebrities who made it, and who didn't.
The verdict for 2019 Lok Sabha elections is out, and the incumbent NDA government has retained power. After a long day of suspense that saw some big-ticket candidates trailing and leading, the winner..
Read More
Actor Sunny Deol and cricketer Gautam Gambhir made a stunning debut this year and made their parent political party proud. Both contested on a Bharatiya Janata Party (BJP) ticket from their respective constituencies and proved victorious with an impressive margin.
Deol, contesting from Gurdaspur constituency, defeated Congress's Sunil Jakhar by a margin of 77,000+ votes.
Gambhir, on the other hand, led in East Delhi by a whopping 3,17,000+ votes.
Actor Sunny Deol and cricketer Gautam Gambhir made a stunning debut this year and made their parent political party proud. Both contested on a Bharatiya Janata Party (BJP) ticket from their respectiv..
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One of the most talked about battles of the day was Union Textile Minister Smriti Irani's stint against Congress chief Rahul Gandhi. It was a neck-and-neck competition that continued through the day. While Irani took the lead in the beginning itself, the margin kept fluctuating.
However, it closed with a margin of 35,000+ votes in Irani's favour.
One of the most talked about battles of the day was Union Textile Minister Smriti Irani's stint against Congress chief Rahul Gandhi. It was a neck-and-neck competition that continued through the day...
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Today's results did not offer the Sinha family a chance to celebrate. Actor Shatrughan Sinha and his wife Poonam Sinha contested elections from two constituencies on two different political party tickets. However, neither turned out victorious.
Poonam Sinha, who debuted this year on a Samajwadi Party (SP) ticket, contested elections from Lucknow and was pitted against BJP's Rajnath Singh. Her debut was not an impressive one as she lost to Singh by a gap of 3,11,000+ votes.
The 'Dostana' actor, on the other hand, contested on a Congress ticket from Patna Sahib. He lost to BJP's Ravi Shankar Prasad by over 1,84,000+ votes.
Today's results did not offer the Sinha family a chance to celebrate. Actor Shatrughan Sinha and his wife Poonam Sinha contested elections from two constituencies on two different political party tic..
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The lady pack led the poll results in West Bengal today. All India Trinamool Congress (TMC) candidates, actresses Mimi Chakraborty and Nusrat Jahan, made Mamata Banerjee proud today. The political debutantes won the elections by an impressive margin in their respective constituencies.
Chakraborty led in Jadavpur by an impressive 1,84,000+ votes. Jahan, on the other hand, proved victorious in Basirhat with a margin of 1,86,000+ votes.
The lady pack led the poll results in West Bengal today. All India Trinamool Congress (TMC) candidates, actresses Mimi Chakraborty and Nusrat Jahan, made Mamata Banerjee proud today. The political de..
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Bhojpuri stars Manoj Tiwari and Ravi Kishan, too, made BJP proud today. However, the same could not be said for actor Dinesh Lal Yadav aka Nirahua, who was pitted against Akhilesh Yadav.
Tiwari, who is also BJP's Delhi chief, was pitted against Congress candidate Sheila Dikshit and AAP's Dilip Pandey in North East Delhi, won in the constituency with an impressive margin of 3,57,000+ votes.
Kishan, contesting from Gorahkpur, made BJP proud by leading the poll tally by 3,01,000+ votes.
Nirahua, pitted against SP chief Akhilesh Yadav from Azamgarh, lost by a hefty gap of 2,03,000+ votes.
Bhojpuri stars Manoj Tiwari and Ravi Kishan, too, made BJP proud today. However, the same could not be said for actor Dinesh Lal Yadav aka Nirahua, who was pitted against Akhilesh Yadav.Tiwari, who i..
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The lady power proved its worth in the 17th Lok Sabha polls. Actresses Hema Malini and Kirron Kher proved victorious from their constituencies. However, Jaya Prada failed to make a mark.
The Dreamgirl, BJP, held on to her seat from Mathura and led the battle by 2,87,000+ votes.
BJP's Kher topped the charts in Chandigarh and won the elections by a margin of 34,000+ votes.
Jaya Prada, another BJP candidate, could not defeat SP's Mohammad Azam Khan in the political battle in Rampur. She lost by a margin of 1,09,000+ votes.
The lady power proved its worth in the 17th Lok Sabha polls. Actresses Hema Malini and Kirron Kher proved victorious from their constituencies. However, Jaya Prada failed to make a mark.The Dreamgirl..
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The political debut proved fruitful for some celebrities. However, some could not experience the joy of winning in their first attempt. Singer Hans Raj Hans, who debuted from North West Delhi on a BJP ticket, took a strong lead right from the start. He won by a hefty margin of 5,53,075.
Boxer Vijender Singh, on the other hand, failed in his first attempt. Contesting from South Delhi constituency, Singh had to face loss at the hands of BJP's Ramesh Bhiduria by a gap of 3,96,000+ votes.
The political debut proved fruitful for some celebrities. However, some could not experience the joy of winning in their first attempt. Singer Hans Raj Hans, who debuted from North West Delhi on a BJ..
Read More
Actress Urmila Matondkar and actor Prakash Raj had an unsuccessful stint this year. While Matondkar debuted from Congress this year, Raj contested as an independent candidate from Bengaluru Central. Neither of the two proved victorious.
Matondkar lacked from Mumbai North by 4,18,000+ votes, Raj trailed in the battle by 2,70,000+ votes.
Actress Urmila Matondkar and actor Prakash Raj had an unsuccessful stint this year. While Matondkar debuted from Congress this year, Raj contested as an independent candidate from Bengaluru Central. ..
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Actress Moon Moon Sen, TMC candidate faced a rather disappointing defeat at the hands of BJP's Babul Supriyo in Asanol. She lost the political battle by a margin of 1,97,000+ votes.
Actress Moon Moon Sen, TMC candidate faced a rather disappointing defeat at the hands of BJP's Babul Supriyo in Asanol. She lost the political battle by a margin of 1,97,000+ votes.
Women Inc Has Wishlist Ready For Modi 2.0 - And It Includes GST, Jobs
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Women Inc is very hopeful from NDA 2.0 after its landslide victory for the second time with 350 seats.
From financial inclusion and GST to Triple Talaq and financial literacy for women, the top bosses have a lot of expectations from the Modi-led government's second term.
Here's a look at what the female leaders of India expect from the new government.
Women Inc is very hopeful from NDA 2.0 after its landslide victory for the second time with 350 seats.
From financial inclusion and GST to Triple Talaq and financial literacy for women, the..
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The top boss thinks NDA's landslide victory will allow the new government to complete their unfinished tasks from the last tenure.
She said, "The results will offer a stable government focused on all-round economic and social growth. I hope to see momentum in infrastructure spends, robust job creation, and making India stronger than before."
"Insurance penetration is very low in India. From an insurance sector stand-point, the government should focus on the retirement space. They should also take initiatives like consider making GST zero-rated for pension and long-term savings. More support to the private sector will help improve the huge penetration gap"
The top boss thinks NDA's landslide victory will allow the new government to complete their unfinished tasks from the last tenure.
She said, "The results will offer a stable government focused on al..
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The founder of LXME, a digital financial planning platform for women, congratulated BJP and PM Narendra Modi for an astounding win. She feels NDA's victory will ensure stability and continuous reforms for the country.
"In the last four years, we saw a lot of reforms particularly in the field of financial inclusion. While these reforms will pay rich dividend in the coming years, I hope that the government focuses even more aggressively on the financial inclusion and financial literacy for women. These initiatives will make it easier for the female population to access products that will help them earn, save and invest for a secure future," she stated in an email interview to ET Online.
"This will enable the entire society to rise financially and add tremendously to India’s GDP," she further added.
The founder of LXME, a digital financial planning platform for women, congratulated BJP and PM Narendra Modi for an astounding win. She feels NDA's victory will ensure stability and continuous reform..
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Monte Carlo's top leader hopes for an exciting future for the thriving domestic apparel industry.
In a query to ET Online, Oswal stated, "In recent years, incentives by the central government - Duty Drawback Scheme and Rebate on State Levies (ROSL) - have helped the local players increase their exports. Streamlining the implementation to make sure customs receives money from the textile ministry on time will ensure that the companies reap full benefits of the scheme. While the bump in import duty levied is definitely good for domestic manufacturers, a uniform GST rate of 5 per cent will help boost production and facilitate voluntary compliance."
Monte Carlo's top leader hopes for an exciting future for the thriving domestic apparel industry.
In a query to ET Online, Oswal stated, "In recent years, incentives by the central government - Dut..
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The Elara Capital Economist thinks the Modi government’s second term is likely to be more challenging than the first with limited fiscal space amid compelling priorities and electoral promises. She also feels that the solution to these problems is complex, and requires a radical shift in the economic policy.
"The first five years of the government were dominated by housing, roads and toilets. We hope to see focus on investment, jobs and nursing of the dislocated financial sector in the next tenure. The Modi-led government must look at immediate priorities like taking measures to revive consumption, addressing financial sector dislocation by recapitalising PSU banks, boosting manufacturing sector to ensure job creation, and solving the conundrum of skill shortage in the country to ensure employability."
She further pointed out that the NDA is expected to gain majority in Rajya Sabha by 2022, which will enable them to pursue difficult legislations like Triple Talaq and electoral reforms which have been a part of its social agenda. From a portfolio positioning perspective, she recommended investment over consumption. In terms of asset class, she expects the small- and midcaps to outperform large caps.
The Elara Capital Economist thinks the Modi government’s second term is likely to be more challenging than the first with limited fiscal space amid compelling priorities and electoral promises. She ..
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Veri5Digital CEO hopes to see a big boost in FinTech sector, and financial inclusion in NDA's second term. Formerly known as Aadhar Bridge, Khosla Labs venture, is India’s leading Aadhaar-based API platform for digital authentication.
"FinTech will continue to be a sunrise sector. With supportive government regulations, it will exhibit tremendous growth and innovation especially in the sachet-size financial products. With our suite of onboarding & digital products (KYC, eSign, eNACH), our company will play an important part in the growth of this sector. We will be able to help BFSI maintain compliance and costs in the delivery of these sachet-size solutions," she emphasised.
Veri5Digital CEO hopes to see a big boost in FinTech sector, and financial inclusion in NDA's second term. Formerly known as Aadhar Bridge, Khosla Labs venture, is India’s leading Aadhaar-based API ..
