India Inc Cheers Prime Minister Modi's Third Term: Calls for Bold Reforms

Prime Minister Narendra Modi has been sworn in for a third consecutive term, and Indian industry leaders are hopeful for bold reforms and significant economic and social development. Industry bodies like FICCI and Assocham express confidence in the new term's potential to shape the country's future.

Congratulating Prime Minister Narendra Modi on taking oath for the third time on Sunday, India Inc eagerly anticipates bolder reforms and measures aimed at economic development and laying the foundation for 'Viksit Bharat'.

Narendra Modi was sworn in at the Rashtrapati Bhavan, marking his place as only the second Prime Minister after Jawaharlal Nehru to secure three consecutive terms.

Anand Mahindra, Chairman of Mahindra Group, expressed hope that the new term will be crucial for India's development and prosperity, in a post on X.

FICCI President Anish Shah emphasized that the third consecutive term for the NDA will ensure continuity in the reform agenda. He anticipates progressive policies that will foster both economic and social development, establishing a solid foundation for 'Viksit Bharat'.

Assocham Secretary General Deepak Sood highlighted that India's industry and global investors feel optimistic about leadership steering the country towards greater heights and continuing its rapid economic growth. He also pointed out expectations of fast and bold reforms beyond the economy, impacting governance, quality of living, and leveraging the young, aspirational population.

Sanjeev Krishan, Chairperson of PwC in India, noted the incoming government's significant responsibility in shaping the economic and social future of the world's most populous and youthful democracy.