Modi’s third straight term oath as PM boosts India Inc.’s confidence in bold reforms, says Assocham, ETCFO


<p> Modi's third straight term oath as PM boosts India Inc.'s confidence </p>
Modi’s third straight term oath as PM boosts India Inc.’s confidence

Deepak Sood, Secretary General of the Associated Chambers of Commerce and Industry of India (ASSOCHAM), exudes confidence as he welcomes Narendra Modi‘s third consecutive term as Prime Minister of India, citing it as a catalyst for bold and accelerated reforms across various sectors.

“With your re-election, Prime Minister Modi, India Inc. is filled with confidence that under your leadership, the country will soar to greater heights, maintaining its position as one of the fastest-growing major economies in the world,” says Sood in his congratulatory message to the Prime Minister.

ASSOCHAM, the apex industry chamber of the country, echoes this sentiment, expressing faith in Modi’s leadership to propel India towards further global prominence through inclusive and sustainable economic growth in the coming years.

Sood emphasizes that Indian industry and global investors are reassured by Modi’s commitment to implement comprehensive reforms, extending beyond the economy to encompass governance, quality of life, and leveraging the aspirations of the youth population.

In his congratulatory message, ASSOCHAM President Sanjay Nayar hailed Modi’s vision, stating, “Prime Minister Shri Narendra Modi has reignited the national resolve to become the third-largest economy, building upon our current position as the fifth-largest. This rejuvenation has revitalized the entire ecosystem of industry, trade, and financial markets.”

ASSOCHAM’s leadership affirms their unwavering support for the government’s nation-building endeavors, emphasizing the importance of collaboration between industry and government to drive innovation and technology-led development.

Nayar expresses anticipation for the forthcoming budget, expecting it to outline clear policy directions and priorities of the NDA Government. ASSOCHAM pledges to provide suggestions to the new Finance Minister to boost manufacturing, productivity, exports, and infrastructure investment in both public and private sectors.

In summary, Modi’s third term as Prime Minister has ignited a wave of optimism within India Inc., signaling a renewed commitment to propel India towards a brighter and more prosperous future through strategic reforms and collaborative efforts between the government and industry stakeholders.

  • Published On Jun 10, 2024 at 10:59 AM IST

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