India Inc rides on optimism

The thumping victory of the Congress-led alliance in the 15th Lok Sabha elections have given a sense of optimism to India Inc that is banking on faster economic reforms by the new government, reports HT Correspondent.

The thumping victory of the Congress-led alliance in the 15th Lok Sabha elections have given a sense of optimism to India Inc that is banking on faster economic reforms by the new government.

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A Hindustan Times-C Fore Survey found that an overwhelming majority of chief executive officers (CEOs) expected faster economic reforms in the coming years with the new government expected to be a stable regime.

A vast majority (73 per cent) of CEOs believed that the stock markets will give a thumbs up to the results, while all the CEOs covered in the survey felt the influence of the Left parties will weaken considerably.

The survey was conducted among 50 CEOs and fund managers in Delhi, Mumbai, Chennai, Hyderabad and Bangalore on Saturday.