“Need for stable policies, keep the levers of growth moving”: the key demand of Indian businesses and the expectations of the new government

As Harsh Pati Singhania says: “My own belief is that we will have a government which will be stable and the direction of growth, whichever direction it takes, will take it forward. What we would like is a stable administration to tackle the real problems and solve people’s problems, simplify things, deregulate, allow rapid development. Much has already been done;

Airtel brand owner Rajan Bharti Mittal says that in the global context, India is already in an ideal situation. “India is in an ideal situation as we see how the global economy and global challenges are evolving. We are growing at a rapid pace, and I am sure that the new government that will be put in place will ensure that this The trend will not only continue for five years, but even for the years to come.

Mittal goes on to say that further GST simplification may be necessary to ease the challenges faced by small and medium businesses. In telecom, Bharti promoter says it’s time for Internet over the top (OTT) players to start participating in the sector’s growth, even as network builders build more digital infrastructure .

Similarly, with the rise in internet and telephone consumption, India needs wider and faster digital highways, which the industry has proposed to the government. The Digital India Mission should help, but more needs to be done.

Noting that the outlook for India is positive, Onkar Singh Kanwar, Chairman of Apollo Tyres, says, “My only expectation is that we need a stable government, and we need stable policies. This is more or less what the industry needs. the actions already put in place are very positive and very progressive.”

PayTM founder Vijay Shekhar Sharma expects the government to deepen its financial inclusion agenda. Sharma says this is important to achieve formalization of the Indian economy.

“I think the government is paying due attention to financial inclusion. A formal financial inclusion, a formal economy, is the real path to India’s growth. That’s what they are focusing on, and I think it will be amplified even more,’” Sharma told CNBC-TV18.

Echoing the need for a digitally savvy India, Hero Group promoter Sunil Kant Munjal notes, “We are a unique nation; we build physical and digital infrastructure at the same time. at the same time by as large a part of the population as possible.

Munjal also says that while subsidies are not the solution to freeing India from poverty, a support program must be put in place to achieve this. Munjal also says India needs to quickly build and leverage the global recognition its economy is gaining so that “we are at the forefront of most conversations”.

Meanwhile, Ajay Bijli of PVR Inox and Siddharth Birla, chairman of XPro, say employment is a major issue that needs to be addressed head on. Siddharth Birla says India needs to be investment friendly to create jobs.

“We really need to focus on something to provide jobs to the people; this will be one of the most difficult tasks. We need to constantly ensure that we create an atmosphere that invites investments. Investments will generate jobs to a large extent ; one-third of jobs must come from corporates and business So, whichever government comes in, the country must provide an environment that invites investment,” says Siddharth Birla.