Adi Godrej, President, CII and Chairman

http://www.hybiz.tv/Adi-B-Godrej---CII-President/167367
Adi Godrej, President, CII and Chairman, Godrej Group, Taj Krishna, Hyderabad, Andhra Pradesh.CII advocacy for the Economy aim for measures to increase fund inflows, fiscal consolidation, and structural reforms, both at the Centre and in the States, spanning Agriculture, Manufacturing, MSMEs, Infrastructure, Technology and Energy. The immediate steps to get growth back include further reduction in interest rates by 100 bps, deregulating oil prices, progress on disinvestment, fast-tracking major infra projects, and encouraging FDI. Tax reforms will also boost growth in the medium term.The Foreign Trade Policy (FTP) must revitalize exporter confidence and bring changes for optimizing export growth in the current global economic atmosphere. Reviving economy growth, reforms and governance accords top priority to restoring the growth trajectory of the nation, while building Global Competitiveness, Inclusivity and Sustainability. The economy needs immediate measures including stimulus to revive growth. Introducing Goods and Services Taxes at the earliest can improve the situation of the economy. Monetary policy need to be revived for better investment.Easing FDI regulation will encourage investment in the country.Rupee fall is a matter of concern and measures should be taken for arresting rupee slide. Current Account deficit is widening which matter of concern and the government should look into it. The CII has suggested limiting subsidies to 2%t of GDP and accelerating reforms.The CII has came out with a 10-point agenda for economic revival and outlined key areas of concern at the apex industry council meeting. The rupee depreciation and low growth numbers continue to be major concerns.