India has given its mandate to Prime Minister, Mr. Narendra Modi for his second term, thereby, ushering in an era of stability to the business community and investors. There were several sweeping changes that were introduced by Mr. Modi during his first term which included demonetisation, introduction of a new tax regime, etc which had its fair share of teething problems. This led to doubts about his re-election, as the general feeling was that many people were disgruntled with the stringent changes. However, patriotism got the better of most voters and they have voted in favour of the Prime Minister once again giving him a second term.
The mandate given by India has given Mr. Modi a full and clear majority validating that though he introduced several changes, people understood that changes are for the better of the country.
India has now arrived in the international arena as a good business destination. The fact that foreign investments in India has grown by leaps and bounds in the last 5 years, even overtaking foreign investments in China, speaks for itself. With Prime Minister, Mr. Modi, there are bound to be several further changes that will assure global business houses regarding successful business ventures in India.
The General Elections 2019 has also proved the popularity of Mr. Modi as a global Leader and the victory assures the people of India of speedy growth, stability and prosperity. This win is a signal to the global business community that India is stable and India will shine. Hats off! Prime Minister Modi.
Sushila Ram Varma
The Indian Lawyer