Nearly three-quarters of Indian business leaders believe the government has mismanaged the economy and want Bharatiya Janata Party (BJP) leader Narendra Modi to lead the country after an election due by May next year, according to an opinion poll published on Friday.
With India's 80-year-old Prime Minister Manmohan Singh expected to step aside, only 7 per cent of 100 chief executive officers surveyed for the Economic Times/Nielsen poll backed the ruling Congress party's Rahul Gandhi for the premiership.
Rahul represents the fourth generation of the Nehru-Gandhi dynasty that has led Congress, and India, for much of the time since independence from Britain in 1947. His late father, grandmother and great-grandfather were all prime ministers.
"After a long policy drought, CEOs are impatient for strong leadership, intent, decisions and action. Modi they seem to think has more to show than Gandhi on all these counts," the Economic Times said in its comments on the results of the poll.
The survey was conducted by Nielsen between August 1 and the beginning of September and covered the chief executive officers of companies worth more than Rs. 500 crore across different industries.
With India's 80-year-old Prime Minister Manmohan Singh expected to step aside, only 7 per cent of 100 chief executive officers surveyed for the Economic Times/Nielsen poll backed the ruling Congress party's Rahul Gandhi for the premiership.
Rahul represents the fourth generation of the Nehru-Gandhi dynasty that has led Congress, and India, for much of the time since independence from Britain in 1947. His late father, grandmother and great-grandfather were all prime ministers.
"After a long policy drought, CEOs are impatient for strong leadership, intent, decisions and action. Modi they seem to think has more to show than Gandhi on all these counts," the Economic Times said in its comments on the results of the poll.
The survey was conducted by Nielsen between August 1 and the beginning of September and covered the chief executive officers of companies worth more than Rs. 500 crore across different industries.
Indian business has in the past applauded Modi as an investor-friendly chief minister who has led Gujarat to double-digit economic growth.
Business leaders surveyed in the poll, however, thought that the economy has bottomed out with 42 percent forecasting a slight uptick in growth from the 4.4 per cent reported in the last quarter to over 5 percent this year and the next. That is still far below the level policy makers say is needed to create jobs for the millions of youth joining the workforce.
Business leaders surveyed in the poll, however, thought that the economy has bottomed out with 42 percent forecasting a slight uptick in growth from the 4.4 per cent reported in the last quarter to over 5 percent this year and the next. That is still far below the level policy makers say is needed to create jobs for the millions of youth joining the workforce.
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