Last September, the Nielsen/
Economic Times survey of 100 corporate leaders found that 74 per cent favoured Modi as prime minister, compared to just 7 per cent who favoured Rahul Gandhi.
[1] But the drumbeat began much earlier. Telecom magnate Sunil Mittal declared in 2009 itself: “He [Modi] is running a state and can also run the nation."
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Mired in recession, the corporate sector in India, and foreign investors behind it, actually demand more State intervention, not less. They want land, other natural resources, and public sector assets at throwaway prices,
in the face of mass resistance. They want the continuation of, and even increase in, giant subsidies to itself. They need the State to rig tariffs in its favour. They demand the encroachment of yet more vulnerable sectors to corporate capital. And they want the State’s strong arm to tackle an increasingly restive working class