The Hindu Business Line : India Inc looks for stability

"Since the mandate is clear, we expect stability in the Government. This would lead to the reforms process being speeded up," Mr Y.K. Modi, President, the Federation of Indian Chambers of Commerce and Industry (FICCI), said.

He pointed out that the vision documents of both the major political parties had spoken about reforms. "Taking the reform process to its logical end should be one of the guiding principles of the new Government," he said.

Mr N. Srinivasan, Director-General-designate, Confederation of Indian Industry (CII), said, "We do not foresee any negative impact on the economic reforms process. An important factor is that the economy has been doing well and hence the new batsman has a better wicket to bat on."

On the disinvestment process initiated by the NDA Government, Mr Srinivasan said, "Congress is not against disinvestment, only their approach may be different."

The President of the Associated Chambers of Commerce and Industry of India (Assocham), Mr Mahendra K. Sanghi, said, "the fabric of democracy has further been strengthened by demonstrating the power of vote by the people, thus reinforcing the faith in democracy."

According to him , "the reforms initiated should be given further impetus particularly in the development of the infrastructure sector, urban and rural connectivity, employment generation, emphasis on primary education, reforms in agriculture and labour sectors."

Mr Ravi Wig, President, PHDCCI, has called for the incumbent Government at the Centre not to decelerate the ongoing economic reforms process in the country for the long-term stability and economic prosperity of the nation.

"Reforms in labour laws, judiciary, education and agriculture have become imperative along with new investments in infrastructure development in the country," Mr Wig said.

According to Mr V. Rangaraj, National President, Indo-American Chamber of Commerce, "The effort of the Government should be able to create more employment and income to the people by accelerating growth in the agriculture, manufacturing and services sectors. That is possible only through economic reforms, which can unleash great opportunities for investment and employment."

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