As counting of votes polled to elect a new Lok Sabha begins tomorrow, an anxious India Inc is keeping its fingers crossed on whether the country will get a stable government, which, the industry feels, can be provided by a coalition led by either the Congress or the BJP.
An unstable government is the worst thing that can happen to the Indian economy grappling with the global downturn, say business leaders.
"There may be an uncertainty in the economy if there is a non-United Progressive Alliance, non-National Democratic Alliance government. . .We have seen UPA government and NDA government. There is a degree of comfort (with them)," Chairman and managing director of the fast moving firm Marico Ltd Harsh Mariwala said.
He said the industry is worried because there could be another election mid-way if there is no stable government. "This is the biggest worry," Mariwala said.
For Piramal Healthcare Director and senior Assocham vice president Swati Piramal, "Stability is the main thing. . .it would be good if the government is led by one of the two largest national parties."
Stock markets were anxious over the past two days on uncertainty on government formations, with the Sensex losing nearly 280 points. However, the benchmark index today rose over 300 points shedding its concerns.
