The Dust has settled down, the clouds have cleared, and the vision clear. The strident battle cries are now silenced and now the narrative is on the objectives and the path to achieving them.
90 crore people have given their verdict, clearly, with no ambiguity. Nearly 68 % have voted, and this is by far the highest ever so far. The turnout has been all embracing, senior citizens, women have all voted with enthusiasm and unfailing zeal. Although personally I would have been happier if the voter turnout was higher. There is no reason not to vote. Voting shows a commitment towards interest good governance.
BJP led NDA returns with an unprecedented number of members. While there can be many reasons attributed to this result, the bottom line is that the product launched in 2014 has been accepted by the majority of the people and they want this model to continue. Such numbers also mean that the expectations are huge, and therefore the onus is on the Government to rise to the occasion and deliver unequivocally. The people of India have voted for continuity and stability for the next 5 years.
The prospect of the incumbent government returning at the centre is indeed comforting as it ensures peace, stability and continuity in policy, and reduces the need to indulge in rhetoric and populist actions. It also reinforces the governments hand in continuing its mission on economic reforms.
Reviving growth, addressing employment and agriculture issues and keeping deficit in check are of paramount importance.
The one significant event which is going to positively impact the paint industry is the fall in crude prices. Fall in crude prices will also positively impact the inflation situation and reduces pressure on government finances. In all probability the RBI may reduce the interest rates.
The new cabinet is in place. Most regions of the country find a place. The team looks complete with changes in the key functions.
We look forward to the new Parliament and the new Government leading India to its rightful place on the world stage.
The ICC Cricket World Cup 2019 is in progress. We wish the Indian team the very best.
Indian Paint Association
Are you sure you want to