Our expectation is that by 2050, which is a long time away, India will be the largest economy in the world, overtaking both the U.S. and China.
From Adi Godrej
There are too many politicians in the world and too few statesmen.
In 2008, when the global financial crisis struck, it was a bad year for a lot of developing countries, and it manifested itself in consumer confidence.
A good monetary policy follows inflationary expectations and not historical numbers.
From our group, we've had joint ventures with a lot of international companies: Procter & Gamble, General Electric, Sara Lee, currently with Hershey's and Tyson. We've learned a lot of the best practices.
When you are growing at a rapid rate, there is bound to be some inflation. I think a 5% rate of inflation is something that we should take in our stride.
If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.
You can't have a regime which continuously subsidizes things; as inflation rises, you keep prices of certain things unchanged.
I'm not too involved in day-to-day matters. I only supervise at the board level.
It's a mistake to believe technology rests outside India. We compete very successfully.
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