There are three things the business community wishes for India after the elections:

1. Despite relaxation on FDIs, protectionism and interventionism continue to crowd out business opportunities. So first, (even) more openness to attract capital and support trade - this will help private banks and investors, manufacturing (pharma, motor vehicles) and IT services.

2. Second, a new infrastructure and industrial strategy could help bridge the estimated USD203bn infrastructure gap, and boost demand for infrastructure builders and their suppliers (machinery and equipment, electronic equipment suppliers), while complementing existing initiatives (Make in India, Delhi Mumbai Industrial Corridors) and digital edge. 

3. Last, social spending (education, health for e.g.) and redistribution policies will have to become more cost-effective to address growing inequalities. The middle class will represent c. 286mn people in 2025 or 19.7% of the population (from 160mn currently) so job creation and income growth will create more consumption opportunities. This will benefit car, computer and households equipment sellers, and consumer services.