The landslide win of Narendra Modi's BJP has given the nation the most decisive mandate in 30

years but also raised the bar of expectations from the new government.

"Hopes have risen quite dramatically and the government has to work very hard to meet that,"
says Rakesh Arora, MD & Head of Research of Macquarie Capital Securities (India).

After Modi's thumping victory, Macquarie has upgraded India's FY16 economic growth to 6.5 per
cent from 6.1 per cent.

Noted industrialist Pawan Munjal, who is the MD & CEO of Hero MotoCorp, says, though it will
take time for the Modi government to get things moving, it has to signal its policy intent quickly.

"All of us need to be pragmatic and practical and clearly Mr Modi is not carrying magic wand.
Things will take time but some positive indications have to start coming in quickly," Mr Munjal
said.

Mr Arora of Macquarie feels that the Modi government has enough time to get things moving,
especially on the economic front, as "people will give them at least a year or so before they begin
to doubt what is happening in the economy."