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There are great expectations of every Indian, including industry, at the clear mandate and Lok Sabha victory of the BJP. This time, as there are no twin centres of power, and Prime Minister Modi will be a decisive, no-nonsense leader, we have every reason to believe that while he has no magic wand, quick steps will be taken to increase industrial growth, contain inflation and reduce fiscal and current account deficit. Essentially what we need is higher GDP rate to provide employment. Modi should implement GST and also take care to amend the new Land Acquisition Act to ensure that while farmers' interests are protected, industrial development is not hurt. The BJP should also approach regional leaders with whom it does not have a pre-poll alliance to ensure larger numbers in the Rajya Sabha.
After the 2009 victory of Congress and the UPA 2, which did not need communist support, there were great expectations of the government, which did not materialise. This time, the Congress party lost due to weak leadership and poor governance resulting in lower rate of growth, high inflation and scams. Rahul Bajaj, Chairman, Bajaj Group
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