The Godrej group is expanding rapidly. However, we are not diversifying much.

A good monetary policy follows inflationary expectations and not historical numbers.

You can't have a regime which continuously subsidizes things; as inflation rises, you keep prices of certain things unchanged.

If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.

In 2008, when the global financial crisis struck, it was a bad year for a lot of developing countries, and it manifested itself in consumer confidence.

I'm not too involved in day-to-day matters. I only supervise at the board level.

It's a mistake to believe technology rests outside India. We compete very successfully.

There must be an opportunity that matches with our strategy. Just because we have a gap, we don't want to go and acquire anything and everything. What we acquire should fit in with our strategy, human resources and market expectations.

People should be encouraged by things like awards given for corporate governance practices.

Our expectation is that by 2050, which is a long time away, India will be the largest economy in the world, overtaking both the U.S. and China.