Market experts have praised the changes in India’s economy under Prime Minister Narendra Modi’s leadership. Before 2014, the financial markets faced “policy paralysis,” according to Amisha Vora, chairperson of Prabhudas Lilladher. She explained that India’s banks were struggling with non-performing assets, and the economy needed reforms to move forward.
Vora highlighted that Modi’s decisions have been strong and effective. He handled the banking crisis and introduced reforms like the Goods and Services Tax (GST), which strengthened India’s economy. She also noted that sectors like steel and cement are now set for significant growth. Higher disposable incomes are expected to increase consumption across sectors.
Industrialist Sanjiv Goenka also praised Modi’s leadership. He described Modi as someone who works tirelessly for India’s growth. Goenka emphasized that India is now recognized as the world’s fourth-largest economy and is no longer taken for granted. He also commended Modi’s dedication, intellect, and vision in transforming India’s global standing.
