Lok Sabha Elections 2024: Key Sectors to Watch if Modi Is Re-elected
By Priyanka Roshan, June 3, 2024
With most exit polls predicting a win for the BJP-led NDA in the Lok Sabha elections when the votes are counted on June 4, economic development will continue to remain the key focus area of Modi 3.0.
Based on past trends and the BJP's focus areas, here are some sectors that can benefit from a third successive term for Prime Minister Narendra Modi.
(Image: PTI)
INFRASTRUCTURE
The BJP prioritises infrastructure development, investing in projects like highways & smart cities. A win may mean further investments in this sector.
(Image: Canva)
MANUFACTURING
"Make in India" to boost domestic manufacturing has been the BJP’s calling card, which has benefitted sectors such as automobiles & electronics.
(Image: Canva)
RENEWABLE ENERGY
The Modi government has given a big push to renewable energy, potentially leading to more support & investment in solar & wind power.
(Image: Canva)
FINANCIAL SERVICES
Policies like Jan Dhan Yojana & direct cash payments are expected to continue, benefiting sectors such as banking, insurance, & capital markets.
(Image: Canva)
DIGITAL TECHNOLOGY
Digital expansion has been a central theme of the Modi government, which augurs well for IT services and e-commerce.
(Image: Canva)
HEALTHCARE
Healthcare initiatives & the BJP’s poll promise of extending the health scheme to everyone above 70 years will likely see more investments in the sector.
(Image: Canva)
DEFENCE
The government has been working to strengthen India’s defence capabilities through initiatives like "Make in India" to reduce imports, saving precious foreign exchange.
(Image: Canva)
AGRICULTURE
The Modi government has taken steps to increase farmers' income & modernise agriculture, potentially leading to further investments in infrastructure & technology.