Modi's narrow win won't have an impact on his economic agenda: USISPF president

Mukesh, thank you very much indeed for your time. What, at first glance, do you think this diminished majority means for Modi's economic agenda? Well, I don't think the impact as a smaller win has an impact on the economic agenda because you have to understand that for the economy to grow, it has to keep on liberalising, keep on reforming, making it easier, doing business better for everybody. And in for in order for that, it has to attract a lot of FDI and technology. So I don't think the impact on the economic agenda and reform will slow down. I believe we'll explorate further itself. When you look at how Dalal Streets and how a benchmark Indian stock markets reacted to this reduced majority, it was a brutal reaction. About nearly $400 billion in market cap was erased. Do the markets have a legitimate fear that the infrastructure build out is going to slow down materially or do you think the reaction was an overreaction? I think it was a knee jerk reaction and you will see the market correcting itself very soon because the infrastructure agenda will continue in India. The government has to create jobs and the best way to create job is infrastructure itself. It'll keep on reforming it because it has to convince the international investors that India is a lucrative market to come in and invest. So they will keep on reforming. So we believe mid to long term India will continue its reform agenda and economic growth story which has happened for the last 10 years. But there is a risk that this result. Mukesh could take the gloss in the short to medium term off the rising Indian narrative as coalition politics and who gets what in the portfolio. There could be a reshuffle as all of that shakes out and progresses and that will take time. No, you're right, you will see a reshuffle in the cabinet. But you have to understand your two partners, TDP and then Nitish Kumar from Bihar. If you look at Chennai, Babu Naidu was one of The Pioneers in a tracking investment, leveraging technology. So his agenda is similar to the Prime Minister Modi itself and Ritesh Kumar is keen to get Bihar going from an investment perspective. So we feel that you, the both the supporting partners for BJP will drive the growth agenda just like Prime Minister Modi did.