Modi 2.0 – Defying Anti-Incumbency

Narendra Modi

Modi 2.0 – Defying Anti-Incumbency

The recently concluded 2019 Indian General Elections were the world’s largest general elections ever  with an  electoral turnout of about  67%  and around  900 million eligible voters. The 2019 general elections were held to constitute the 17th “Lok Sabha or also known as the Lower House” forming the Indian Parliament, with  the other known to be the “Rajya Sabha or the Upper House”.

On 23rd May 2019, the result of this monumental election witnessed the crushing victory of the Bharatiya Janata Party (BJP) led by Mr Narendra Modi, the  current prime minister of India. Out of 545 seats in the Lok Sabha the Bharatiya Janata Party won 303 seats, and the BJP-led National Democratic Alliance (NDA) wona total of  353 seats.  Securing a mandate, or a majority.

Following Modi’s victory, the Indian stocks sky rocketed as the investors waved gladly to this landslide victory and that of not having a fractured mandate and with the hope that Modi’s second tenure shall allow the government to push through various economic reforms providing stability to the Indian economy

Mr Modi had already attracted a huge number of foreign companies to invest in  the “Make in India programme” when he became the Prime Minster in 2014. The increasing FDI flow had suddenly dropped last year due to the political uncertainty in the country. Now, the Foreign Direct Investment (FDI) is distinctly possible to increase with the return of the Modi led NDA government.

Investments in manufacturing,Defence, Railways, Airports, Agriculture,Infrastructure, Real estate and Consumer sector are slated to increase with the government offering the red carpet to manufaturers from various countries, including Japan and the United States to consider India as the manufacturing destination of choice over China.

A recent announcement by a US trade body stating that there were 200 American companies waiting on the sidelines till the elections were over before starting their efforts of investments into India. India already has a positive government to government link with the Japanese government and all this is bound to also increase  relocation to India of executives of global multinational corpotrations, new Joint Ventures and many green field projects.

Various reforms and initiatives such as Digital India, Smart Cities and Start-up India, in addition to moderation of FDI regulations, have brought in many foreign investors to access India. For example, companies that have entered the Indian markets such as Amazon, Ikea and Walmart, Xiaomi and Samsung have established multiple facilities across the country.

Before June 3rd 2019, Mr Modi along with his  other leaders shall present the list of new cabinet ministers and the elected leader of the NDA to the President of India Mr Ram Nath Kovind. Followingly which the 17th Lok Sabha shall be. The future welfare of this vast nation rests upon these elected delegates. Jai Hind.

Dinesh Kumar
dinesh.kumar@ikan.com

Dinesh has a very good operational experience in the service industry. He specializes in assessing client requirements, identify social and cultural challenges of foreign nationals. He is a resident of Chennai for past 2 decades. His understanding of the city, people and their practices is exceptional. He speaks English, Hindi and Tamil. His interests are mainly in ancient mythology, cosmology and spirituality. He enjoys writing micro-blogs.

5 Comments
  • Harveer Singh Chadha
    Posted at 12:41h, 07 June Reply

    Appropriately mentioned by Dinesh …. The future welfare of this vast nation rests upon these elected delegates.

  • Bhargav V Sagar
    Posted at 12:59h, 07 June Reply

    Nice narration and flow of words..!

  • Gopalakrishnan
    Posted at 13:19h, 07 June Reply

    Good one Dinesh, very well crafted

  • Paul
    Posted at 23:10h, 07 June Reply

    Well written dinesh

  • Beena Jeevakar
    Posted at 08:19h, 08 June Reply

    Very well narrated Dinesh.

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