We were delighted to see Narendra Modi sworn in last week as the new Prime Minister of India after a landslide victory.
While meeting clients and business contacts in India, Sherrards’ Managing Partner Alasdair McMillin had the opportunity to have a private meeting with Narendra Modi when he was Chief Minister of Gujarat and comments: “During his 12 years as Chief Minister of Gujarat, the state’s economy grew at an annual average of nearly 10% and lured many foreign investors. From my discussions with him in 2012, it was clear that he is an innovative thinker, is pro business and someone who makes things happen. The World Bank’s ease of ‘Doing Business’ survey, which Sherrards contributed to in 2013 & 14, ranks India 134th among 185 nations, so Mr Modi certainly has his work cut out. As a firm that has been developing its India legal services offering for several years, we are looking forward to seeing Modi’s ‘less government, better governance’ proposals put into action.”
For further information and analysis on the challenges ahead, see BBC news article at: http://www.bbc.co.uk/news/world-asia-india-27534163