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Thumbs up to govt, but need retrospective tax removal: HCC

Ajit Gulabchand of HCC believes the Modi government inherited an economy that was severely impacted by old policies.

May 14, 2015 / 08:58 IST
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It is almost a year since the BJP-led National Democratic Alliance came to power. The Narendra Modi-led government has done quite well for itself in this time, believes Ajit Gulabchand of HCC.

Gulabchand says the government inherited an economy that was severely impacted by old policies.

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"They have tried to tackle many more fundamentals of the whole country that will give stability that we need in order to grow our economy," he said in an interview to CNBC-TV18.

On the focus areas for the government, Gulabchand says scrapping retrospective taxation will send a strong signal to investors abroad that we are ready to do good business here.Below is the verbatim transcript of Ajit Gulabchand’s interview with CNBC-TV18's Latha Venkatesh.