India Inc expectations 20 yr high from new govt: Study

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India Inc expectations 20 yr high from new govt: Study
The level of expectations from the new government set to take office next month has risen to an all-time high, never seen in the last two decades from India Inc which is setting different sets of agenda for the new Prime Minister - from revival of economic growth to fixing inflation and bringing down interest rates and unemployment within few months of taking over, an ASSOCHAM CEO survey has indicated.

"The expectation level is soaring by the day among different segments of the economy- stock markets, industry, trade, multilateral institutions and foreign investors. Heads of the diplomatic missions are also pinning their excessive hopes on the next government as they would like to reinforce their economic ties with India.

"However, there are risks of highly built up expectations. Any deviations in the election results, contrary to expectations can be very harmful because that can lead to a knee-jerk reaction," the ASSOCHAM survey report cautioned.

Commenting on trend, ASSOCHAM Secretary General D S Rawat said, "The run-up in the stock markets in the last few months is another pointer to a huge level of expectations....Our survey shows that at least in the last 20 years, there was never such level of expectations from a new government."

The survey showed that the expectation level was spread across major sectors of the industry in particular but the maximum optimism was seen among those engaged in financial services, banking real estate and consumer goods.

Dion Global Solutions Ltd.

Story first published: Tuesday, April 29, 2014, 9:10 [IST]
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