The Mint comments on the recent endorsement of Narendra Modi, the chief minister of the state of Gujarat in India by two titans of Indian industry. Sunil Mittal and Anil Ambani both have praised Modi as having the capacity to be a PM of India.
Gujarat chief minister Narendra Modi combines unusual gifts for an Indian politician: Not only is he a vote catcher, but he is also a sound administrator. Under his watch, Gujarat has prospered, economically at least.
Does that qualify him to be “voted” prime minister by the big guns of Indian industry?
The lesson behind Wednesday’s endorsement of Modi is very clear. Indian companies and corporate leadership want heads of state governments and the political executive in general to have better decision-making abilities and have far lesser response time while taking investment decisions.
That is one way to look at it. The other is to believe that what India needs right now is a good functioning economy, sound administration and fast decision making capability without the problems of red tape.
Compared to the current PM, I do not see how Modi is a wrong choice.