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Thursday, September 5, 2013

CEO confidence survey: Almost three fourths back Narendra Modi; less than 10% want Rahul Gandhi as PM

CEO confidence survey: Almost three fourths back Narendra Modi; less than 10% want Rahul Gandhi as PM

BJP is yet to formally anoint Narendra Modias its prime ministerial candidate, but an overwhelming chunk of the country's top business leaders is convinced he's the best man for the job.

Almost three-fourths of 100 honchos polled in the 'ET CEO Confidence Survey' want Modi as PM. Rahul Gandhi is way behind — just 7% back him. India Inc's leaders are sending two clear and separate messages — one on national leadership and another on politics. The first is this: 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. But India Inc's big vote for Modi, this survey also suggests, is not necessarily an endorsement of his politics, but only a thumbs-up for his leadership. While 74% believe Modi will be a better PM than Gandhi, 58% are fine with either a Congress or BJP government as long as it's stable. And that's the second message: leadership and stability matter more than party colours.
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