Sanjeev Krishan, Leader - Private Equity, PwC India, says that implementation of stable policy programmes and better governance standards are important to investors.

The President's speech outlined the Narendra Modi government's priorities that include steps to tackle communal violence, eliminate corruption, rein in inflation and encourage investment including through Foreign Direct Investment.

Outlining its agenda for five years, the government on announced a slew of measures to push growth and create jobs, which will include encouraging investment and creating a predictable, transparent and fair environment.

Indian carmakers, battered by two years of slowing sales, hope the resounding election victory by India's new leader will spur replacement of the country's complex array of duties with a simple goods and services tax (GST).

Modi will have a fight on his hands to gain full cooperation from many state governments, which he needs to implement his agenda nationwide.

Narendra Modi is set to become India's 14th prime minister as the Bharatiya Janata Party registered a spectacular victory in the Lok Sabha elections. Here is what prominent industry representatives and analysts say on the BJP's historic victory:

Business Today spoke to Ajay Shriram, Chairman and Senior MD, DCM Shriram, on what should be on the agenda of the new government -

Executives in the PE and VC industry feel that a prerequisite for domestic growth is encouraging investments into industry and infrastructure, including health care and education.

Business Today talks to Gaurav Bhardwaj of IIM-Shillong, on what should be the new government's agenda -

Business Today talks to Johney Maheshwari; PGDM class of 2015, SP Jain Institute of Management and Research, on what should be the new government's agenda.

But what has caught everyone's attention was Gujarat scoring high on its land acquisition practices. The report says that Gujarat Industrial Development Corporation has hugely simplified land acquisition in the state with minimum direct government participation.

Attacking the Congress-led government, BJP leader Yashwant Sinha charged UPA is leaving an economy which is in \"worse crisis than even the earlier crisis in 1991 and 1998\". \"It will be a major challenge for the new government to deal with it when it assumes office,\" Sinha added.

KPMG's Mark Goodburn says if India is to continue to attract investors, it will have to focus on \"ease of doing business\" in terms of its economic legislation, deepening of its clusters and resolution of major infrastructure bottlenecks.  The competition in India's neighbourhood is hotting up for investments. However, India's domestic market continues to be a major draw.

\"The expectation level is soaring by the day among different segments of the economy - stock markets, industry, trade, multilateral institutions and foreign investors,\" Assocham said in its survey report.

While the dealing community in India's financial capital concedes that Rajan's reforms are necessary for the longer term, many traders complain that he has gone too far too quickly, and without consulting the markets.

The new government that will be sworn in after the elections should repeal populist laws and jumpstart the stagnant economy, say panellists at Business Today's election debate.

\"Can we do this (KYC) better (without) compromising on security, while allowing ease of access. That is something we need to think about. We have to be innovative,\" he said while speaking at the 10th convocation of the National Institute of Bank Management in Pune.

Three days after resigning as chief minister of Delhi, Arvind Kejriwal gave a sneak peek into the economic agenda of the Aam Aadmi Party (AAP) at industry body CII's National Council Meeting held in New Delhi on Monday.

Rita Gunther McGrath, Professor at Columbia Business School says competitive advantage in business is never permanent.

After failure stared at the founders of bayt.com, a West Asian job portal, following the dotcom bust of 2000. Yet today, bayt.com is the leading job portal of the region. Its traffic, revenue, job postings and profitability are higher than all its competitors combined. This case study looks at how the portal managed this transformation.