The formation of the new Union Government of India, likely to be led by Prime Minister Narendra Modi, has sparked reactions from industry leaders. As the dust settles following the recently concluded Lok Sabha Elections 2024, there is a palpable sense of anticipation and optimism within the business community regarding the future of India’s economic and entrepreneurial landscape.
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Archana Jahagirdar, Founder and Managing Partner of Rukam Capital, emphasized the remarkable growth of India’s startup ecosystem in recent years. “The startup ecosystem in India has witnessed tremendous growth in recent years, driven by factors like the burgeoning youth population, tech-savvy talent pool, access to capital, and initiatives fostering entrepreneurship. We are confident that the new government will introduce progressive policies and initiatives to empower this flourishing ecosystem and bring India on par with the global ecosystem. As we look ahead, we are excited about the industry’s partnership with the government to build a robust, dynamic, and inclusive entrepreneurial landscape that will drive India towards unprecedented heights of success,” she said.
The successful completion of the Lok Sabha Elections 2024 is seen as a testament to India’s vibrant democracy. Amitabh Kant, former CEO of Niti Aayog, highlighted the significance of this democratic exercise. “Lok Sabha Elections 2024 have concluded in India – a testament to our lively, robust, and vibrant democracy and the shining ethos of public representation! is democracy in action, as millions of Indians came together to choose their future, showing the true power of the people’s voice. Kudos to all parties and contestants for a spirited fight, fortifying the ideals of democracy,” he said.
As Prime Minister Narendra Modi led union government is likely to embark on its new term, the expectations from various sectors are high. The collaboration between the government and industry is expected to play a crucial role in shaping a prosperous and innovative India. The positive sentiments expressed by key industry leaders reflect a shared belief in the potential for continued growth and development under the new administration.