His comments came on a day when the government, in a farmer-friendly move, hiked the minimum support price (MSP) of paddy by Rs 50 per quintal to Rs 1,360 for this year – a decision which may fuel inflation.

"The nation voted for change. We need to stand together to support the new government's actions to re-build economic growth and prosperity in India," Tata, the Chairman Emeritus of diversified conglomerate Tata group, said on micro-blogging site Twitter.
The government also extended period of reduced excise duty rates for the automobile sector and consumer goods sectors till December 31.
The excise duty on cars, SUVs and two-wheelers as well as consumer durables and capital goods was cut in the Interim Budget in February to help tide over a demand slump.
The government, however, postponed revision in natural gas prices by three months pending a ‘comprehensive’ review to make a controversial pricing formula more palatable.
In a pre-budget move, the Indian Railway last week hiked passenger fares in all classes by 14.2 percent and a 6.5 percent increase in freight rates to garner Rs 8,000 crore a year.
In his previous tweet last month, Tata had said, "Modi's landslide victory echoes the people's mandate for strong leadership and clear policies for growth and prosperity for India."


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