Govt is listening to industry on GST, says Adi Godrej

The second half of FY18 will be even better for consumer goods companies: Adi Godrej

Adi Godrej, 75, chairman of Godrej Group, believes last week’s rate reduction pertaining to the goods and services tax (GST) announced will aid growth. A strong supporter of the new tax regime, he tells Viveat Susan Pinto the second half of FY18 will be even better for consumer goods companies as challenges abate. Edited excerpts:

While you’ve maintained all along about the benefits of GST, do you see greater gains with the rate reduction announced last week?

Yes, I do. I’ve always said GST can accelerate the gross domestic product growth. And, it is beneficial if the rates are reasonable.