Jamshyd Godrej, Managing Director of Godrej Enterprises Group, has called for extensive deregulation and major reforms to spur capital expenditure and investment in India. Speaking at a press conference, he stressed the need for significant policy changes across sectors.

“There is a whole host of deregulation that has to happen… significant deregulation in every area,” Godrej said. He added that the government’s income tax rebate would likely help in easing debt burdens, but wider reforms were essential to unlock growth.

Highlighting the urgency of boosting exports, he explained, “What we need is growth imperative, and growth imperative is not only GST. For instance, because of the tariff problem, the government is talking about improving export incentives and competitiveness. Right now, the whole world is open to look at our market share in export, global trade. You double that and see the growth.”

The remarks come after the Union Budget 2025–26, which exempted annual income up to Rs 12 lakh from tax under the new regime. More recently, the government scrapped the 12 per cent and 28 per cent GST slabs, revising rates lower for several food and non-food items.

Godrej emphasised that while these steps are welcome, bold deregulation and deeper reforms are critical to sustain momentum and attract long-term investments.

News source: Business Standard