India not going to be competitive; US, UK cut corporate taxes this yr: Adi Godrej

In an interview with CNBC-TV18, Adi Godrej, Chairman of Godrej Group & Mohandas Pai, Chairman of Aarin Capital gave their take on Arun Jaitley’s Union Budget.

Godrej said that no reduction in corporate tax rate for bigger companies is a deterrent.

He further said that India is not going to be competitive; US, UK have cut corporate taxes this year.

According to him, Godrej Consumer Products, Godrej Agrovet will benefit from budgetary measures.

Pai said that jobs will be created when there is growth and better private investment.

He further said that the government has not reduced tax rates for large enterprises, a negative

Trump reduced US corporate taxes from 40 percent; India should have done it too, he added.

Watch accompanying video for more details…