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Note ban, GST will take some time to show results: Munjal

Press Trust of India  |  Hyderabad 

Describing and the implementation of as structural changes in the economy, Hero Enterprises Chairman Sunil Kant Munjal today said though there may be short time hiccups, such steps would yield in the long run.

"Structural changes will take six months to two years time to show There may be some short term (hiccups). As I said, next year, if the continues with the pace of forward looking reforms and does electioneering campaign for polls in balance, then I don't see any risk to our potential for growth," Munjal told reporters here.

He said though was a "fantastic idea", its implementation could have been taken up differently.

"The most vulnerable suffered the most. But the benefits have already started showing up," he said.

According to him, the generation of has dramatically come down.

Replying to a query, he said there are certain challenges for the to grow in double digits.

Munjal was in the city to participate in a discussion, titled 'India @75: Is this the New India?', organised by Mindmine Institute, an independent think-tank set up Hero Enterprises.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Fri, October 06 2017. 16:13 IST