Industry on Thursday hailed the victories in the state election with clear mandate saying it will help restore investor confidence, attract more investment in the capital-starved country and add to employment. They said results were positive for the passage of Goods and Service Tax (GST).

“The strong voter turnout and a clear majority in each of these states points towards the aspirations of the citizens for growth and development. The trend is highly positive and marks the victory of democracy,” FICCI President Harshavardhan Neotia said.

“FICCI hopes that this mandate will help further the development agenda in these states, with good governance and policy reforms taking centre-stage. This will restore investor confidence and help attract greater investments and create more employment opportunities,” Neotia said.

“The NDA Government (at Centre) will certainly find it easier to deal with Trinamool Congress and AIADMK in the Rajya Sabha for passage of crucial bills, mainly the long-pending and the most important, GST,” Assocham said.