Date: 15th May 2023 | Publication: Ausbiz
Corporate winners from India’s election
Mugunthan Siva, Co- founder of India Avenue, provides his overview of Indian politics and the unfolding impact of Narendra Modi’s majority in the lower house. According to Mugunthan, the party’s high expectations and the lacking presence of the opposition party have resulted in a strengthened grip for Modi’s government. The much-anticipated election results on 4th June may support Modi’s continuous efforts to enhance infrastructure, digitisation, and productivity.
Mugunthan reflects on the reforms initiated by the Modi government to escalate productivity and diverse forms of growth. He emphasises on the importance of reaching a wider population, rather than being constrained to only India’s mega cities. Infrastructural growth – manifested in improved access to mobile phones, the internet, and banking services for a significant section of the population – exemplifies this broad-based progress.
Mugunthan then turns his attention to the corporate landscape of India. He discusses the gradual shift of earnings from unstructured sources to organised corporate structures. This transformation, he believes, is favourable for India’s earnings growth
