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With the BJP-led NDA ahead in 295 seats while the Congress-led INDIA bloc leading in 229 seats, India Inc is betting on policy continuity across sectors. Industry leaders and economists said that while India’s economy is projected to grow at 6.8 per cent in FY25, surpassing other major global economies, all eyes are on the new government that will give further impetus to the current growth momentum. A potential third term for the NDA government would ensure continuity in India’s socio-political and economic landscape. The country’s anticipated GDP growth from $3.5 trillion to $7 trillion by 2030 can be sustained without significant changes in circumstances.
Industry and economic experts believe that the sustained economic expansion will enhance India’s appeal to global corporations, firmly establishing its position as a prominent hub for launching Global Capability Centres (GCC) and manufacturing facilities.
“We expect newly elected government’s uninterrupted focus on infrastructure development”
Shrinivas Rao, FRICS, CEO, Vestian, said, “The real estate market sentiments are optimistic as the stock market is moving northward, especially the BSE Realty Index which has crossed 8,400, reaching the highest level since 2008. Furthermore, it has grown by 4-5% in the past five days on the back of positive expectations from the newly elected government. We expect the newly elected government’s uninterrupted focus on infrastructure development and a boost to affordable housing in the coming years. Moreover, the real estate sector should be allocated industry status to ease the availability of funds and increase the participation of foreign investors.”
