Adi Godrej: Beef ban, prohibition are hurting economy

Adi Godrej first to speak out: Beef ban, prohibition are hurting economy

Clever democratic leaders make sure disadvantages are minimised, advantages maximised, says Godrej chairman.

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INDUSTRIALIST Adi Godrej, chairman of the $4.1-billion Godrej Group, with diverse interests in fast moving consumer goods, real estate, consumer durables and furniture, Wednesday said the beef ban and liquor prohibition in certain states were hurting the economy.

Godrej is the first leading voice from India Inc to speak out against beef ban and prohibition and point out its adverse impact on the economy. His warning comes at a time when the government at the Centre is set to complete two years in office, and several states seek to strictly implement beef ban and push for prohibition close to assembly elections.

Godrej told The Indian Express that government polices over the last two years have, by and large, been good. “Ease of doing business really helps. We have also benefited from low commodity prices,” he said. He believes “India will remain the fastest growing economy in the world… India will gradually emerge as a strong developed country”.

– See more at: http://indianexpress.com/article/india/india-news-india/adi-godrej-first-to-speak-out-beef-ban-prohibition-are-hurting-economy-2796052/#sthash.oH2C9khS.dpuf