Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), India's largest mortgage lender, says the exuberance in industry about the new government is justified but big ideas articulated by the prime minister need speedy implementation.
If the government thinks that they will be able to control it, then they're either fooling themselves or have no clue about the power of viral media.
The index had risen over 585 points in the previous three sessions.
Slow pace of reforms in India is disappointing: Faber
Indian economy about to take-off
