The new Government has emitted positive vibes in the country. The policy paralysis has been addressed and government has taken few tough decisions which bespeak of its pragmatism said M Rafeeque Ahmed, president, Federation of Indian Export Organizations (FIEO).

While the focus of the Government has been on delivery and ease of doing business, the strengthening of relationship with neighbours and focus on East Asia starting with Japan shows the active role India will play in Asia, added FIEO Chief.

Relaxation in FDI in defence production, railways and insurance will augment the flow of foreign exchange thus stemming the volatility in the currency market. The exports have picked up as against the contraction of 3.15% in April-May, 2014, the first four months of the current fiscal have shown 7.33% growth in exports and the future prospects have further brightened with recovery in global trade observed Ahmed.

While manufacturing seems to be on recovery, we have to propel investment in it to realize the vision of 'Made in India' and 'Make in India' which is to be supplemented by improved infrastructure.

Rafeeque Ahmed said that quality of governance has significantly improved in past 100 days and we should now launch major reforms to take a big leap forward.