TRIPLE MODI MANTRA

It was not for the first time when PM Narendra Modi referred to his three-point development programme in the just concluded Vibrant Gujarat global meet at Ahmedabad.  Earlier he was airing it from different public platforms for the consumption of his domestic constituency. On last Sunday, he was emphatically repeating his formula as his intentions were clear to inform the captains of major industries of the world that for the present there was no other place better than India for investment.

Modi as a true visionary ‘vikas purush’ understands that the huge promises made to the electorate on the eve of the last parliamentary election would prove empty if some drastic measures, including the massive foreign investments were not taken. Like any CEO, he is fully aware of the fact that no businessman would ever venture to invest in an area, bereft of peace and prospects of earning. We in India have seen how the businessmen turned their back to West Bengal as during the previous CPM regime, the business atmosphere was not at all conducive and even the present incumbent does not leave any such optimsim. So Modi’s charter is having on top a calculated campaign to persuade the investers over the world that India is an ideal area.

In the whole of Afro-Asian regions, despite its gigantic size, democracy has strongly stayed here. Frequently changing governments and polity give clear indication of social insecurity which does not suit the mental frame of business community. Moreover, for production they also need skilled hands and uninterrupted flow of raw materials. Above all, a producer operates anywhere only when he sees the scope for the consumption of his products. The Indian population at 120 crore, has at least 25 crore people in upper and higher middle class who can easily spend for any latest household gadgets. This figure is more than the population of any European country. It is a huge market on which any businessman can bet.  Besides that it is a young country because 65% of its population is under the age of 35. The new trend of these youth to embrace technology is converting it into a technology hub and has made it an added attraction for the investers. To cap these all, the sectors in which India is inviting investment is having adequate indigenous availability of raw materials.

In this backdrop, one can easily interpret the Triple Modi Mantra which hints at India’s encouraging ingredients like democracy, demography and demand. The way in which in detail Modi explained his above 3-point mantra, appears to have swayed the august gathering of top businessmen of the world. The people will eagerly await the factual outcome of this policy thrust of the present NDA Govt.