epicresearchindore
Epic Research
Leaders of industry have expressed their concerns on CNBC-TV18 on the target growth rate being continuously revised in the back-drop of the first-half of the fiscal coming to a close in the next few months.
Adi Godrej, president, CII and chairman, Godrej Group is doing his bit to push the government towards much needed reforms and said that growth in the second-half depends on implementation of the reforms process.
"If we do not take the reforms process forward, it will be difficult to achieve growth of even 6.7%. But if the reforms are carried out, the country will be able to achieve and go beyond the target. It is very important that the government accelerates the growth in the economy in the second half of the year, i.e from October-to- March," he said.
NR Narayana Murthy, chairman-emeritus, Infosys , said, "It is a concern that we have not lived up to our own expectations of achieving a growth of 8%. But when you consider that other economies in the world are also not growing, you don’t have to be very negative about it. There is no need to beat ourselves."
AM Naik, CMD, L&T , "There is a lot of unnecessary engagement at a level which is not productive. The government and the Opposition must work together in these challenging times to make sure that we start moving our wheels again and move towards achieving the target growth rate of 8% - 9% that we have set for ourselves."
Adi Godrej, president, CII and chairman, Godrej Group is doing his bit to push the government towards much needed reforms and said that growth in the second-half depends on implementation of the reforms process.
"If we do not take the reforms process forward, it will be difficult to achieve growth of even 6.7%. But if the reforms are carried out, the country will be able to achieve and go beyond the target. It is very important that the government accelerates the growth in the economy in the second half of the year, i.e from October-to- March," he said.
NR Narayana Murthy, chairman-emeritus, Infosys , said, "It is a concern that we have not lived up to our own expectations of achieving a growth of 8%. But when you consider that other economies in the world are also not growing, you don’t have to be very negative about it. There is no need to beat ourselves."
AM Naik, CMD, L&T , "There is a lot of unnecessary engagement at a level which is not productive. The government and the Opposition must work together in these challenging times to make sure that we start moving our wheels again and move towards achieving the target growth rate of 8% - 9% that we have set for ourselves."