A decisive mandate for the National Democratic Alliance (NDA) on Thursday has raised expectations of a higher pace of economic reforms. Coming a day after the United Nations (UN) lowered its FY20 gross domestic product (GDP) growth forecast for India, corporate leaders said a stable government at the Centre will help boost infrastructure spend, address agricultural distress, and encouraging employment.
“To me, it is very simple — the people of this country want Narendra Modi to continue his job of restructuring the Indian economy, as well as the governance structure, and lead the country on to a high sustained growth