Welcome government's steps on FDI: Adi Godrej
By Ira Dugal | Published On: September 17, 2012 13:40 (IST) | Duration: 6 min, 38 sec
Corporate India has welcomed the government's decision to open up the retail and aviation sector for greater foreign direct investment. Adi Godrej, Chairman, Godrej Group and President, CII says that the measures will add confidence to the economy and help revive growth. He, however, adds that the RBI needs to cut rates to try and push growth fruther. He believes measures taken to cut the CRR are not adequate to support growth.