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There Is Always Room For Open Trade Said Adi Godrej

Courtesy/By: Subhalagna Choudhury | 01 Oct 2018

Aditi Godrej who is 76, Chairman of the Godrej Group has become the chairman emeritus if Godrej consumer Products and Godrej Properties, even as he is a current member on the board of Godrej Industries. He has handed over the mantle of leadership to his son and daughter. Godrej Industries spoke about the current consumer and real estate demand in India. It said that the consumer demand is growing well. GST is increasing consumption. GST rates on consumer products is lower and that is encouraging. Real estate is a little complicated because RERA has come in the play.

The industry mentioned that though the rupee has slid in the last couple of weeks, current account deficit has gone a little up. Foreign exchange reserves are Goodman’s now the government is engaging in active steps to make up for the deficit. The industry said that GST has added to the growth. It helped to reduce price since so many areas Godrej believes that it is an overall boon for the industry and has been well implemented. The government has corrected the infirmities and there will be a great reform in terms of taxes in India. The real estate that’s is why is expected to take a hike.

Courtesy/By: Subhalagna Choudhury | 01 Oct 2018