By Mr.
Sethuraman Sathappan
An
article from Our Building & Construction June 2014
In the
last 13 years, Mr. Narendra Modi has transformed his Gujarat state into a model
of what some believe India can become a
place of wide, smooth roads, electrified villages, rising incomes &d
brand-name foreign investment and local investments.
What investors
want?
 |
| Mr. Sethuraman Sathappan |
Investors
would want him to decontrol diesel and gas prices, continue with economic
reforms, privatise staterun firms, address the question of subsidies on basic
commodities,
reform labour laws, increase the cap on foreign direct investment in the
insurance sector from the current 26 per cent to 49 per cent, and address the
issue of
bad loans of banks which form 10 per cent of their total lending at present.
What is
happening to stock markets?
Having
high hope on Narendra Modi, the FIIs are
pumping money into Indian stock markets. As you all can see, Indian stock
markets are witnessing an unprecented rise in
the last
few months.
Each day
it is touching a new peak. All the records are broken. This inflow has
strengthened the rupee. It will make imports cheaper and give a major
relief to
government due to cheap oil imports. However, exporters will not be happy as
rupee is strengthening.
Challenges
before Narendra Modi to achieve
•
Containing the inflation to an accepted level
• Fiscal
deficit
•
Continuity in Foreign Investment
•
Managing the current account deficit
•
Declining GDP growth over the last few years
•
Rationalisation of Taxes
Whether
he will deliver?
With his
determination and an overwhelming majority, everyone feels that he would
deliver in the days to come and the Indian economy is going to prosper under
his
leadership.
Selfmade man
Narendra Modi,
born 17 September 1950. He was the Chief Minister of Gujarat from 2001 to 2014.
He was the third of four children. He helped his father sell tea at Vadnagar
railway station.
Subsequently,
he ran a tea stall with his brother near a bus terminus. Modi is a vegetarian.
He is a workaholic.
He writes
poems in Gujarati. As a speaker, he is known as a crowd-puller.A self-professed
workaholic, He typically rises about 5 a.m. and does yoga before beginning his
workday, which usually lasts well into the evening. He’s a selfmade man who
devotes a lot of time to his work.
Contact
Mr. Sethuraman Sathappan
Other Major
Article in Our Building & Construction June 2014
· Evolution
of National Smart Waterways
GRID…Dr APJ Abdul Kalam & V.
Ponraj
· FAQs on
STEEL SLAG
· CHECK
LIST FOR ENSURINGQUALITY
OF R.C.C. WORK
· BUILDING
CONSTRUCTION AND CERTAIN
LEGAL PROVISIONS
· World’s
greenest office building
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