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Animal Husbandry business will increase earnings of farmers: Adi Godrej, Godrej Group
It was a good budget but have political undertones. Several good announcements have been made like for agriculture and Kisan Samman Nidhi has been introduced, says Adi Godrej of Godrej Group
Adi Godrej, Chairman, Godrej Group, spoke about the interim budget and how it will benefit the economy and small industries during a telephonic interview with Anil Singhvi, Managing Editor, Zee Business. Edited Excerpts:
What is your opinion on the budget and highlight the thing that you liked in it?
It was a good budget but have political undertones. Several good announcements have been made like for agriculture and Kisan Samman Nidhi has been introduced. They are spending a lot on animal husbandry, which is good for the farmers as there is a significant rise in their earnings whenever they involve themselves into animal husbandry business. The subvention in MSME loans will benefit the small industries. They have done a good job by restricting the fiscal deficit at 3.4 per cent.
Lastly, the personal tax reduction on many fronts will benefit the low-middle class. I feel that it is a good budget and it will benefit the consumer industry, agri industry and the economy too.
The budget talks about consumption, real-estate sector and animal husbandry and you are present in almost every segment. I think the budget was planned by keeping Godrej Group in the mind?
Laughs and says, it, the budget, will be beneficial for our group. I feel this budget is good for the country.
The budget doesn’t carry enough for Corporate India. Do you think that the finance minister has missed on certain things? Has the finance minister created a room for a rate cut as the Monetary policy is not too far away from here.?
The budget will not have any impact on it as RBI can take a decision on it. I feel that the interest rates will be slashed down.
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