Pm Modi campaigned extensively for the BJP during the Bihar election campaign.
Pledging its support to big-ticket investments in Bihar following the Nitish Kumar led Grand Alliance's thumping victory, India Inc today sought a renewed focus by the Narendra Modi government at Centre on economic reforms.
Biocon's Chairman and Managing Director, Kiran Mazumdar Shaw said on Twitter, "With Bihar elections behind us, Modi govt can now give undivided attention to the economic agenda... Hope Opposition aligns with the government and the electorate." She further said the Congress also "needs course correction. Vitriolic rhetoric and opposing economic Bills is alienating the party from the electorate".
The Associated Chambers of Commerce and Industry of India (Assocham) said that with elections now out of the way, "the industry expects the Centre and the state to work together to pursue certain economic reforms like the Goods and Services tax so that the Indian economy is able to achieve higher growth for the benefit of all citizens".
It also said, "The Indian industry would be ever willing to work with the new government in Bihar for ensuring that it receives the kind of investments and attention of big time projects and industrial projects that the state deserves".
In a statement, Confederation of Indian Industry (CII) President, Sumit Mazumder said, "Our best wishes go to the incoming government, and I am sure the new government will dedicate itself to fulfilling the aspirations of the masses by leading Bihar to a new era of industrial development, economic growth and prosperity."
British financial services major Barclays said, "We feel that today's results -- the BJP's big defeat -- could be a material sentiment dampener in Monday's early trade as this might be perceived as an additional stumbling block to the central government's reform agenda."
The industry chambers said the focus will be on agriculture and food processing, infrastructure, manufacturing and MSMEs, ICT and e-governance, tourism, healthcare, education and skill development, and power and energy.
On the results, the Confederation of All India Traders (CAIT) said, "Absence of any mechanism to take down the line various landmark initiatives and policies including Mudra Bank Yojna, Skill India, Digital India and Make in India campaign of Prime Minister Narendra Modi could be one of the causes."
Engineering Export Promotion Council (EEPC) India Chairman TS Bhasin felt that Bihar can be a global hub for engineering export items of interest to small and medium enterprises.