'Democracy Continues To Stand Today': Edelweiss MF's CEO Radhika Gupta On Lok Sabha Election Results

In a social media post on X (formerly Twitter), Gupta wrote, "Sarkarein aayengi jayengi, partiyan banengi bigdengi, magar yeh desh rehna chahiye - Atal Bihari Vajpayee”

Edelweiss MF's CEO Radhika Gupta

Source : Getty

As the nation is buzzing with the victory of the BJP-led National Democratic Alliance (NDA), which secured a majority with 292 seats, including 240 seats won by the Bharatiya Janata Party alone, several business biggies came forward to share their take on the Lok Sabha elections results. CEO of Edelweiss Mutual Fund, Radhika Gupta, said on Tuesday that India is likely to have a third term of a stable government, accompanied by ongoing economic reforms. she further said that such consistency is a rarity in many parts of the world.

In a social media post on X (formerly Twitter), Gupta wrote, "Sarkarein aayengi jayengi, partiyan banengi bigdengi, magar yeh desh rehna chahiye - Atal Bihari Vajpayee (Governments will come and go, parties will form and deform, but the nation should remain strong).”

She further wrote, “One of our most iconic leaders, in an iconic address reminded us that while elections come and go, what should stand is India and India’s democratic process.  Regardless of political views, democracy continues to stand today in a country of 1.4 billion people and we should be proud.”

“For all the drama of the last two days… at the end, we are likely to have a third term of a stable government and continued economic reforms.  Not many parts of the world can claim this.  Yes, the mandate is not as strong as predicted, but a stronger opposition perhaps means good governance.”

सरकारें आएंगी, जाएंगी, पार्टियां बनेंगी, बिगड़ेंगी मगर ये देश रहना चाहिए - अटल बिहारी वाजपेयी

One of our most iconic leaders, in an iconic address reminded us that while elections come and go, what should stand is India and India’s democratic process. Regardless of political…

— Radhika Gupta (@iRadhikaGupta) June 4, 2024

“As far as India is concerned, the Indian economy has doubled every 6 years since 1980 and now that doubling is happening at a 4 trillion dollar scale.  Our demographics and our spirit of entrepreneurship and innovation are what define the India story, and will continue to do so.  We can and should be the world’s third largest economy,” she added.

She further wrote about the extreme volatility stock market observed in last 2-3 days and wrote, “Finally, for investors, the few days are a reminder that markets and outcomes can always surprise and humble the best of us, that volatility is real, and that we should pay attention to the good old principles - asset allocation, earnings and calibrated risk.”

“Onwards, and forward. Let us keep building the India of our dreams,” she concluded.