GST will solve lot of macroeconomic issues: Adi Godrej, Chairman, Godrej Group

Adi Godrej, Chairman, Godrej Group gives his insight on Budget 2011.

"I think the most important thing is that he has clearly given a signal of GST coming through soon...that is a major development which is very welcome as it will help us solve a lot of macroeconomic issues, including inflation, fiscal deficit and help GDP growth.

"For the sector, another good development is reduction in surcharge from 7.5 percent to 5 percent. So as the surcharge comes down, even with the base MAT rate being hiked from 18 to 18.5 percent, it (the effective rate) remains unchanged."