Davos 2024: Sunil Mittal says 3rd term for Modi govt looks likely, pitches for business continuity

Bharti Enterprises chairman Sunil Mittal at World Economic Forum in Davos on January 17

A third term for the Bharatiya Janata Party-led NDA government will be beneficial for the investor and business community in terms of "continuity" in infrastructure, ease of doing business and investments, chairperson of Bharti Enterprises Sunil Mittal told Moneycontrol at World Economic Forum in Davos on January 17.

"(Elections) have certainly been the topic of discussion, which is coming up in almost all the key meetings... And I think India's upcoming (election) is also attracting everybody's attention. Although, it is pretty much kind of a deal where everybody recognises where this election is likely to go," Mittal said.

He said that people are excited about the country's future growth in the next 10 years. "The foundation that has been laid out in the last 10 years, is going to see a very beautiful edifice building on top of it," he added.

He also explained how important continuity in governance will be beneficial for the business and investor community.

"(sic).. (For) investors or business community, domestic or international, like continuity is very important. Continuity of reform, continuity of investments in infrastructure, ease of doing business -- all that has been very well demonstrated in the last 10 years, increasing with every year," Mittal said.

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"I think more importantly, what people are recognising is the sheer scale and ambition of India is so much different from the previous decades. That is what is catching the attention of everyone," he added.

Mittal hoped that there would be "continuity" going forward, strong momentum towards acceleration of infrastructure growth and economic development.

"As you can see, we don't have to sell India any more. People are drawing, getting attracted to us, people are wanting to talk about business in India: " How should we invest? Where should we invest? What all we need to do" And that gives you a very clear signal where people's minds are in terms of the upcoming elections," he added.