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“As a result of this crisis, the global commodity prices have gone down, so it bears well for domestic inflation. Also, the reform process has to be taken forward. We expect 1.5 to 2 percentage point increase in GDP owing only to introduction of goods and services tax.”
Mr Adi Godrej, Chairman, Godrej Group
“Indian consumption story is alive with improvement in agricultural productivity. The world is looking at India as an enviable business destination. I do not see a double dip depression in India because the debt situation in the US and Europe is well known. Our growth fundamentals are strong. However, there is a need for reversal of monetary policy to attract investments, remove constraints and create capacity. Any further rate hike by RBI will be detrimental.”
Mr Hari S. Bhartia, MD, Jubilant Organosys
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