India Inc welcomed Narendra Modi's nomination as BJP's prime ministerial candidate on the strength of his track record in transforming Gujarat, although some wondered whether it would be possible to replicate the model across the country. For this Economic Times report, many top CEOs and industrialists declined comment, but those that did praised the choice. Gujarat's development model has been lauded for consistently delivering high growth and low unemployment. A number of domestic and international companies have poured money into the state's economy, lifting and transforming Modi's profile across the country.
ET quoted TV Mohandas Pai, chairman, Manipal Global Education, "It's advantage BJP. They have scored a point." Nirmal Jain, chairman of India Infoline, said the development makes the upcoming election more interesting.
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