A good monetary policy follows inflationary expectations and not historical numbers.
Corporate governance should be done more through principles than rules.
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.
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.
People should be encouraged by things like awards given for corporate governance practices.
Politicians and bureaucrats must learn to stay away from the day-by-day functioning of business.
The Godrej group is expanding rapidly. However, we are not diversifying much.
There are too many politicians in the world and too few statesmen.
We are not into financial services, and we are not interested also because we find we are better in branded marketing enterprises.
When we acquire businesses in the developing world, we estimate if the growth opportunities are strong.
You can't have a regime which continuously subsidizes things; as inflation rises, you keep prices of certain things unchanged.
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.
I feel the Godrej brand has generally come to signify trust to most consumers. 400 million Indians use one or the other Godrej product on a daily basis, and they have come to accept it. We will, thus, continue positioning Godrej strongly on the trust platform.
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.
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