There is no doubt that the overwhelming expectation from the Narendra Modi-led government is a significant improvement and transformation of the business environment in India - through reforms, progressive policy and removal of glitches in the path of growth and entrepreneurship.

Even now, there is great scrutiny of every pronouncement to better understand his economic agenda and the direction of reforms. 

Indeed, his image as transformer of Gujarat has positioned him strongly as pro-business and conversely, led to the belief that India Inc would fail to grow without him. 

I would say that we seem to have rather limited expectations of his agenda and its impact. My submission is that India Inc, especially well-managed businesses, will continue to do well as long as India maintains a five to six per cent growth rate - reforms or no reforms. 

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