US corporate sector welcomes reelection of PM Modi; says he has potential to transform India

Lok Sabha Elections 2019: US corporate sector Thursday congratulated Narendra Modi on his commanding victory, saying the Prime Minister has the potential to transform India and forge opportunity for all Indians. Prime Minister Modi-led Bharatiya Janata Party (BJP) appears set to post an emphatic victory in the Lok Sabha election, bringing Modi back into office for a second term. Congratulations to Modi and the BJP for a commanding victory, said Nisha Desai Biswal, president of US India Business Council (USIBC). The Prime Minister has the potential to transform India and forge opportunity for all Indians, she said, adding that the USIBC looks forward to work with the BJP government. Commending Modi on his electoral success, Biswal said the first five years of Modis government saw good progress on reforms. Also read: These reforms laid the foundation for Indias strong record of economic growth. Still, much remains to be done to unlock the expansive growth potential of the Indian market. With a strong mandate from the Indian people, Prime Minister Modi will have an opportunity to usher in an era of global economic and strategic leadership for India, Biswal said. A strong US-India commercial partnership will support these goals, helping India to grow into a USD 5 trillion economy in the next five years. USIBC believes that trade and investment between the two countries is a critical element of Indias future growth, and looks forward to working with Prime Minister Modi and his team to unlock new growth opportunities across the US-India corridor, Biswal said. Biswal was the last diplomat to hold the position of Assistant Secretary of State for South and Central Asia in the Obama administration. She left the position on January 20. The important diplomatic post has been vacant in the 28 months of the Trump administration.