What Sensex and Indian Industries Expect from Narendra Modi lead Indian government.
Narendra Modi, the Superhero of General Elections 2014 is all set to rule the country as he wants. The clear mandate for Narendra Modi and allied parties represents the mood of nation. The expectations are high and Modi has to perform and take bold decisions to meet the expectations of people.
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Tough decisions by Modi are required to fast-track economic growth. BJP got a clear mandate; Modi needs to take bold decisions to revive the economic condition of India.
Hopes of Oil and Gas Industry
Approval for domestic gas price hike
Quicker approvals for exploration and production
Continuing with diesel price hike
Hopes of Steel Industry
Additional restrictions on iron ore exports
Demand creation through infrastructure push
Hopes of Automobile Industry
Reduction of import taxes on components and completely knocked down vehicles
Incentives for localization of inputs
Hopes of Banking Industry from Modi Government
Reduce government stake in Public Sector Banks
Permission to issue tax free bonds
Hopes of Infrastructure and Power industry
Shield the power sector from a proposed hike in gas prices
Development of industrial and height corridors
Streamlined project clearance for faster execution
Real Estate Sector
Sector regulator to speed up approvals
Transparency through electronic record keeping
Favorable home loan rates
Deregulation of Urea Industry
Favorable Policy to spur investment in fertilizers
On Friday votes were counted, Sensex and Nifty had the life time high. Sensex crossed 25000 mark and Nifty touched 7500. Buying by foreign investors was high, but domestic investor booked the profits. Indian Stock markets are expected to touch all time high and by December the target for Sensex is 30,000.
Foreign institutional Investors are bullish on Indian stock markets. Companies which were associated with donations to BJP, are the biggest gainers in election rally. Reliance Industries, Adani Enterprises made big gains.
Since 1984, it’s the first time that a single party won the seats required to form a government. BJP have the enough number to pass any bill that it wants. Modi is all free to take the decisions and pass the bills he thinks will benefit the country.