August 31, 2014 1:51 PM

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India Inc finds marked difference in govt. functioning in 100 days

Most corporate leaders are finding a marked difference in style of functioning of the Narendra Modi-led NDA government with a strong focus on accountability and execution with ear-to-ground approach. The appreciation has come as a thumbs up for the new government ahead of completion of 100 days in office.

Quoting its survey Assocham said, Prime Minister Narendra Modi has earned a ranking of eight out of 10 in an India Inc survey. As many as 78 per cent of the 357 top industry leaders surveyed in the last one week said that the NDA Government has brought in a marked change in perception about the Indian economy among the global and domestic investors. They said, it is evident from the foreign institutional investors placing India on top of the emerging markets' pack and even going overboard on Indian equities.

Moreover, 83 per cent CEOs and CMDs agreed that India looks far better in broad economic parameters like GDP prospects, including the industrial output, services, exports, trade deficit, current account deficit. Assocham President Rana Kapoor said, the key fundamentals are looking pretty strong with promise to improve further taking the economic growth to the six per cent trajectory going forward.

He said, inflation too is inching downward, which will pave way for reduction in interest rates. Some of the initiatives like reaching out to neighbours in South Asia, giving economic priorities to Asian giants like Japan, China and Singapore came in for special appreciation from the corporate leaders.

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