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| India Inc sees faster reforms with political stability |
| Press Trust of India / New Delhi May 22, 2009, 20:28 IST |
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An elated India Inc today said formation of the new UPA government under Prime Minister Manmohan Singh has brought in the much-desired political stability that will help accelerate reforms and put the economy back on high growth.
"Under the leadership of Dr Manmohan Singh, we are sure that we would get a conducive economic environment in which we could propel growth and go back to nine per cent growth trajectory," FICCI President Harsh Pati Singhania said.
Industry was happy with the "achievement of political stability" that would help bring the reforms agenda on fast track, Singhania said in a statement.
Congratulating Singh on his second term, CII Director General Chandrajit Banerjee said, "The election outcome has ensured a stable government when the economy is passing through challenging times."
He said the industry would work with the government in giving a push to the economic growth.
Assocham President Sajjan Jindal expressed confidence that the "industry will see reforms happening in insurance, banking, financial, agriculture and labour sectors..."
While the Prime Minister's Office has started working on the 100-day agenda of the new government, the industry chambers are ready with 'action plans' for lifting the economic growth.
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