India recently held its general elections in seven phases from April 19 to June 1, 2024, to elect all 543 Lok Sabha members. With over 968 million eligible voters out of a population of 1.4 billion, turnout reached an astonishing 642 million, including 312 million women, a historic high. There have been different reactions from leaders to the recent election results in India. Uday Kotak points to the government's focus on healthcare, housing and infrastructure. Kunal and Pankaj Sharma see growth in real estate and education.Ricky Vasandani focuses on region-specific developments, while Anupam Mittal talks about the political landscape.
Uday Kotak, Chairperson, Kotak Securities
“We believe that the government should focus its attention on key sectors such as (1) affordable health care and housing, (2) energy transition, (3) infrastructure development (defence, railways and roads) and (4) manufacturing Will continue. We note that the government has already implemented most of the reforms needed to encourage private investment. Kunal Sharma, Founder, Kunal Realty:
The continued rule of the BJP-led NDA symbolizes economic stability and growth, which is essential for the real estate sector. We look forward to streamlined regulations and policies that will enhance investor confidence in commercial and residential properties.This political stability could spur significant infrastructure development, creating more opportunities for both buyers and developers and shaping a more robust real estate market.
Mr. Pankaj Sharma - Chairman, The Lexicon Group of InstitutesThis is the time when India is going to rise and shine. I am hoping for a stable government. The education sector is poised for transformative development. We look forward to advanced digital infrastructure and innovative policies that will raise educational standards and access across India. This stability will allow us to focus on fostering a culture of excellence and innovation in learning, benefiting students and teachers alike.There is hope for a government that is sustainable and capable of taking decisions independently.
Pallavi Jha - Chairperson & MD Walchand PeopleFirst Limited Dell Carnegie India
The 2024 Indian election results exemplify that true leadership is beyond authority, it is about inspiring and organizing diverse voices towards a common goal. Dale Carnegie's principle in politics, "Speak in terms of the other person's interest" is the only thing that works. Furthermore, cooperation among coalition members underlined the importance of a higher objective such as saving the Constitution, which helped achieve alignment and overcome divisions to achieve collective success. It is this combination that brings about meaningful change and promotes a thriving democracy.Dr. Moksha Kalyanram Abhiramula, Advocate, Managing Partner, La Mintage Legal LLP
Narendra Modiji, brilliant leader, respected Prime Minister of India. MODI 3.0 – guarantees of welfare, Digital India, Atmanirbhar, Amrit Peedi and Vikas Bharat 2047 are promising and achievable. However, NDA's loss in seats in the Lok Sabha elections 2024 is mainly due to voter fatigue and the free offer of Rs. 1 lakh annually. The India Bloc (combined 37 parties) with extraordinary grassroots mobilization efforts and strategic alliances with regional parties is a weakly claimed combination.
Chumki Bose, Chief Psychologist, Mindtribe.in In India, psychological identities are increasingly being replaced by political and religious identities.This change stems from rising nationalism and communalism, where political and religious affiliations determine social interactions, community engagement and self-perception. The growing influence of political parties and religious groups promotes a collective identity, which overpowers individual psychological traits. This change affects social cohesion, whereby individual identities are subsumed within broader ideological narratives, in the process reshaping social dynamics and personal relationships.
Basant Goyal – Dedicated social worker and community advocate
Recent election results are a ray of hope for better social welfare initiatives. I am optimistic about the potential for new policies that prioritize the needs of the disadvantaged and promote social equality.This is a critical moment to advance community development and create a more inclusive society where everyone has the opportunity to thrive.Raj Janagam, CEO, Vidhaata Consulting
“This election marks the beginning of a new era of democratic DNA in our country. The mandate, if not dismissed in binary terms, should help us realize that Indian voters are looking for real help beyond freebies And is far from naive. Most importantly, it is a powerful message to the government that beyond free rations and manifesto promises, real help is needed."
Alok Mishra, CA, Founder Vanaprastha Resorts, Yoga Lover As citizens of India it is our collective responsibility for the general welfare of the society.In a democracy, the process of general elections is very important because by our vote we make or break our country. Our vote should be based on the party's ideology as well as its performance on national and international issues besides pride in governance, economic development and preservation and promotion of national heritage. Anupam Mittal, People Group and CEO of Shaadi.com
"Wow, what a mandate, especially UP. That's why they say, 'Never underestimate the power of the common man' Now, all eyes are on the internal power dynamics of the BJP and the politics of the NDA. The picture is still out.,
Arpit Thakar, Founder, Vakalat.com, "The results have restored faith in the famous line of our Constitution: 'We the People of India.' They confirm that no one can pre-determine the number before the elections – whether 400 or 295. This has strengthened our democracy,” said Arpit Thakar, founder of Vakalat.com, a fast-growing platform for lawyers. It is a digital platform.
Hitesh Vishwakarma, President Shri Bajrang Sena
Hitesh says, "India has expressed its confidence in 'Hindu Hriday Samrat' Narendra Modi for the third consecutive time, which shows that there is still a lot of work to be done. From now on, no one will dare to promote artificial secularism Will do.Vishwakarma is the President of Shri Bajrang Sena, a saffron organization with over 90 branches across the country. Devam Sardana, Business Head, Lemon
“Traditionally, election years have been beneficial for the stock market. The lowest gain of Nifty in the last 4-5 years has been 13%. In the current election period, from January 1 to May 31, the Nifty rose only around 4.5%. This shows that there is still room for growth.On June 3, Nifty rose by 3.25% in a day, indicating further upside potential. Historically, India has been a promising market for small-cap stocks. However, India is now a semi-large cap market, which may reduce volatility in the coming weeks. Foreign investors are likely to be interested in India due to the government's focus on manufacturing, infrastructure and investment. Key sectors to keep an eye on include capital goods, infrastructure and manufacturing, especially PSU companies.The government has demonstrated its commitment to increasing capital expenditure, with record spending of over Rs 11 trillion in the last 6-7 years. It is expected to be supported by a dividend of Rs 2 trillion from the Reserve Bank of India. Despite some initial apprehensions regarding mid-cap and small-cap stocks, stability is likely to return in the next 2-3 weeks. There may be some short-term profit-taking, but manufacturing and infrastructure themes will continue to drive growth in large-, mid- and small-cap companies. Overall, the market is set to hit new all-time highs due to stability in the economy, GDP numbers exceeding forecasts and foreign investors' interest in India's growth story.Ricky Vasandani, CEO and Co-Founder, Solitario
“Continuity of the present government is promising for the future of the laboratory grown diamond industry in India. Building on the steps taken during his previous tenure, we look forward to expanded support and innovation in this area by the new administration as well. So far, the lab-grown diamond industry has seen some great initiatives, and the elimination of customs duty on essential seeds reflects a clear vision to establish India as the global leader in sustainable, high-quality lab-grown diamonds. We hope that the consortium will continue to pave the way for significant growth and reduce dependence on imports, ultimately making India a powerhouse in the lab-grown diamond market.”
Lokesh Nigam, CEO and Co-Founder, Konverz.ai “India, the world's largest democracy, champions fairness, universal well-being and sustainable development, a commitment evident in our elections.Our society thrives on diverse ideas and solutions that reflect the mandate of the people. Irrespective of party ideologies, every government takes India's story forward. Congratulations to the newly elected MPs and the Election Commission for ensuring free, fair and impartial elections. I expect the new government to take India forward.''
.
Uday Kotak, Chairperson, Kotak Securities
“We believe that the government should focus its attention on key sectors such as (1) affordable health care and housing, (2) energy transition, (3) infrastructure development (defence, railways and roads) and (4) manufacturing Will continue. We note that the government has already implemented most of the reforms needed to encourage private investment. Kunal Sharma, Founder, Kunal Realty:
The continued rule of the BJP-led NDA symbolizes economic stability and growth, which is essential for the real estate sector. We look forward to streamlined regulations and policies that will enhance investor confidence in commercial and residential properties.This political stability could spur significant infrastructure development, creating more opportunities for both buyers and developers and shaping a more robust real estate market.
Mr. Pankaj Sharma - Chairman, The Lexicon Group of InstitutesThis is the time when India is going to rise and shine. I am hoping for a stable government. The education sector is poised for transformative development. We look forward to advanced digital infrastructure and innovative policies that will raise educational standards and access across India. This stability will allow us to focus on fostering a culture of excellence and innovation in learning, benefiting students and teachers alike.There is hope for a government that is sustainable and capable of taking decisions independently.
Pallavi Jha - Chairperson & MD Walchand PeopleFirst Limited Dell Carnegie India
The 2024 Indian election results exemplify that true leadership is beyond authority, it is about inspiring and organizing diverse voices towards a common goal. Dale Carnegie's principle in politics, "Speak in terms of the other person's interest" is the only thing that works. Furthermore, cooperation among coalition members underlined the importance of a higher objective such as saving the Constitution, which helped achieve alignment and overcome divisions to achieve collective success. It is this combination that brings about meaningful change and promotes a thriving democracy.Dr. Moksha Kalyanram Abhiramula, Advocate, Managing Partner, La Mintage Legal LLP
Narendra Modiji, brilliant leader, respected Prime Minister of India. MODI 3.0 – guarantees of welfare, Digital India, Atmanirbhar, Amrit Peedi and Vikas Bharat 2047 are promising and achievable. However, NDA's loss in seats in the Lok Sabha elections 2024 is mainly due to voter fatigue and the free offer of Rs. 1 lakh annually. The India Bloc (combined 37 parties) with extraordinary grassroots mobilization efforts and strategic alliances with regional parties is a weakly claimed combination.
Chumki Bose, Chief Psychologist, Mindtribe.in In India, psychological identities are increasingly being replaced by political and religious identities.This change stems from rising nationalism and communalism, where political and religious affiliations determine social interactions, community engagement and self-perception. The growing influence of political parties and religious groups promotes a collective identity, which overpowers individual psychological traits. This change affects social cohesion, whereby individual identities are subsumed within broader ideological narratives, in the process reshaping social dynamics and personal relationships.
Basant Goyal – Dedicated social worker and community advocate
Recent election results are a ray of hope for better social welfare initiatives. I am optimistic about the potential for new policies that prioritize the needs of the disadvantaged and promote social equality.This is a critical moment to advance community development and create a more inclusive society where everyone has the opportunity to thrive.Raj Janagam, CEO, Vidhaata Consulting
“This election marks the beginning of a new era of democratic DNA in our country. The mandate, if not dismissed in binary terms, should help us realize that Indian voters are looking for real help beyond freebies And is far from naive. Most importantly, it is a powerful message to the government that beyond free rations and manifesto promises, real help is needed."
Alok Mishra, CA, Founder Vanaprastha Resorts, Yoga Lover As citizens of India it is our collective responsibility for the general welfare of the society.In a democracy, the process of general elections is very important because by our vote we make or break our country. Our vote should be based on the party's ideology as well as its performance on national and international issues besides pride in governance, economic development and preservation and promotion of national heritage. Anupam Mittal, People Group and CEO of Shaadi.com
"Wow, what a mandate, especially UP. That's why they say, 'Never underestimate the power of the common man' Now, all eyes are on the internal power dynamics of the BJP and the politics of the NDA. The picture is still out.,
Arpit Thakar, Founder, Vakalat.com, "The results have restored faith in the famous line of our Constitution: 'We the People of India.' They confirm that no one can pre-determine the number before the elections – whether 400 or 295. This has strengthened our democracy,” said Arpit Thakar, founder of Vakalat.com, a fast-growing platform for lawyers. It is a digital platform.
Hitesh Vishwakarma, President Shri Bajrang Sena
Hitesh says, "India has expressed its confidence in 'Hindu Hriday Samrat' Narendra Modi for the third consecutive time, which shows that there is still a lot of work to be done. From now on, no one will dare to promote artificial secularism Will do.Vishwakarma is the President of Shri Bajrang Sena, a saffron organization with over 90 branches across the country. Devam Sardana, Business Head, Lemon
“Traditionally, election years have been beneficial for the stock market. The lowest gain of Nifty in the last 4-5 years has been 13%. In the current election period, from January 1 to May 31, the Nifty rose only around 4.5%. This shows that there is still room for growth.On June 3, Nifty rose by 3.25% in a day, indicating further upside potential. Historically, India has been a promising market for small-cap stocks. However, India is now a semi-large cap market, which may reduce volatility in the coming weeks. Foreign investors are likely to be interested in India due to the government's focus on manufacturing, infrastructure and investment. Key sectors to keep an eye on include capital goods, infrastructure and manufacturing, especially PSU companies.The government has demonstrated its commitment to increasing capital expenditure, with record spending of over Rs 11 trillion in the last 6-7 years. It is expected to be supported by a dividend of Rs 2 trillion from the Reserve Bank of India. Despite some initial apprehensions regarding mid-cap and small-cap stocks, stability is likely to return in the next 2-3 weeks. There may be some short-term profit-taking, but manufacturing and infrastructure themes will continue to drive growth in large-, mid- and small-cap companies. Overall, the market is set to hit new all-time highs due to stability in the economy, GDP numbers exceeding forecasts and foreign investors' interest in India's growth story.Ricky Vasandani, CEO and Co-Founder, Solitario
“Continuity of the present government is promising for the future of the laboratory grown diamond industry in India. Building on the steps taken during his previous tenure, we look forward to expanded support and innovation in this area by the new administration as well. So far, the lab-grown diamond industry has seen some great initiatives, and the elimination of customs duty on essential seeds reflects a clear vision to establish India as the global leader in sustainable, high-quality lab-grown diamonds. We hope that the consortium will continue to pave the way for significant growth and reduce dependence on imports, ultimately making India a powerhouse in the lab-grown diamond market.”
Lokesh Nigam, CEO and Co-Founder, Konverz.ai “India, the world's largest democracy, champions fairness, universal well-being and sustainable development, a commitment evident in our elections.Our society thrives on diverse ideas and solutions that reflect the mandate of the people. Irrespective of party ideologies, every government takes India's story forward. Congratulations to the newly elected MPs and the Election Commission for ensuring free, fair and impartial elections. I expect the new government to take India forward.''
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