India Inc sees coalition govt at Centre

A stable government at the Centre with focus on policy implementation and good administration will bring India back on growth trajectory, according to S Gopalakrishnan, President, Confederation of Indian Industry (CII) and Co-founder and Executive Vice-Chairman of Infosys.

“We have accepted that the next government will be a coalition,” he said adding: “It does not matter which Government comes (to power). We need a Government to be there for five years and act on priorities.”

The immediate priorities for the new Government would include job creation and creation of a stable economic condition and formulation of the “right policies” and their implementation. “We have lots of things going (right) for us (industry). We just need stability, implementation (of policies) and some good administration,” the CII President added.

Coalition Politics Pointing out that coalition politics is a reality in the multi-party Parliamentary democracy, Gopalakrishnan maintained that industry was expecting a coalition government. Over the last 20 years most Government’s at the Centre have been through coalition. The same is true across many States. “There is, I believe, consensus across the different coalition in the country on economic development and growth. So, if we get stability, irrespective of which coalition that comes in they will have to act and we will see higher growth. Coalition is here to stay.” he said.

Corruption According to the Infosys co-founder, corruption has remained a major issue. Industry, he said, is looking forward to a period where corruption comes down and good governance comes back.

Office Bearers

Meanwhile, Viresh Oberoi, CEO and Managing Director, mjunction services Ltd, has been elected the new Chairman of CII Eastern Region. His name was announced at the first meeting of the reconstituted Eastern Regional Council here on Saturday.