Thursday, May 28, 2015

Government doing very well; GST would give boost to growth: Adi Godrej

MUMBAI: The Narendra Modi-led government is "clearly on the path of reform", industrialist Adi Godrej today said here, adding if the Goods and Services Tax (GST) comes into effect next April, India could see over 10 per cent GDP growth."If the GST bill is passed and comes into effect from April 1, then we could see double digit GDP growth of over 10 per cent," the Godrej Group chairman said.
"If the GST bill is passed and comes into effect from April 1, then we could see double digit GDP growth of over 10 per cent," the Godrej Group chairman said.
"This will be extremely good for the economy and our businesses will benefit a lot," he added.
The macro-economic situation is currently very conducive to growth, he said.
"The macro-economic situation has been brought under control, fiscal deficit is under control, foreign exchange reserves are growing, the rupee has stabilised," Godrej said.
About Narendra Modi government's one year in the office, he said, "The government has done very well in the first year. It is clearly on the path of reform and liberalisation."
source:- ET

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