Profit

5.5% growth very low, need to accelerate reforms: Adi Godrej

PUBLISHED ON: September 3, 2012 | Duration: 7 min, 01 sec

  
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Adi Godrej, Chairman, Godrej Group in an interview to NDTV Profit says that Q1 GDP growth of 5.5% is very low, and reforms and investment push is needed urgently to stimulate the various sectors of the economy. Mr Godrej says the spurt in construction activity has been helped by the dry spell in June-July, but it may be replicable if reforms get underway. Mr Godrej adds that he sees strong growth in Godrej Properties, and as of now there is no pricing bubble building up for real estate.
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