Private capex expected to pick up with a stable govt at Centre: Anish Shah

The industry expects the continuation of growth-oriented policies in the third term of Prime Minister Narendra Modi-led government and the compulsion of coalition politics will not be a speedbreaker, Mahindra Group CEO and MD Anish Shah said on Tuesday.

Apart from the continuation of the growth agenda, the industry expects the government to focus on four key areas - manufacturing for the world; women-led development; farm-led prosperity; and sustainability.

In an interview with PTI, Shah said private capex, which has been behind the government capex, is also expected to pick up with the continuation of a stable government at the Centre.

"From an industry perspective, stability is positive. What is also positive is the fact that this government has focused more on capex for long-term growth," said Shah, who is also the president of industry chamber FICCI.

When asked if the compulsions of coalition politics as BJP did not get a clear majority in the recent general elections, could ..