FES INDIA PAPER New Delhi, October, 2014 100 DAYS OF NDA GOVERNMENT BY PARANJOY GUHA THAKURTA The victory of Modi and the BJP, welcomed by the corporate sector which had openly rooted for him, led to a zooming of the stock market indices to new heights and has remained extremely buoyant since then. Economic policy reflected in the new government’s maiden budget focuses on favouring foreign investments, divestment of its shares held in public sector to raise resources, the scrapping of the Planning Commission, controlling of food prices and creating new jobs. Foreign policy has been one area of statecraft in which successive governments in India have generally tended to favour elements of continuity rather than change. Within a short period of time, Modi has shown signs of resetting priorities at regional, bilateral and multilateral levels.