At the CII Manufacturing Summit in Mumbai on Nov. 26, Jamshyd Godrej, the Managing Director of Godrej & Boyce, told reporters that the biggest lever for attracting investment in India is boosting domestic demand. “Whether it is private or public investment, it is driven by demand. If demand exists, investment will naturally follow, so I wouldn’t worry about it,” he said, adding that “I believe the key focus should be on creating demand.”
Speaking on the past of the country’s regulatory changes, Godrej backed the recent GST cuts as a positive step but urged the government to tackle other hurdles that slow business viability, noting, “Reforms like the recent GST are a step in the right direction, but there are many other areas where ease of doing business can be further improved.”
At the same event, M. Nagaraju, Secretary of the Department of Financial Services, highlighted India’s strides in financial inclusion and digital transformation. “Financial inclusion and digital transformation continue to be two of India’s most remarkable success stories,” he said, and went on to explain that “Over the past decade, these reforms have reshaped the nation’s financial landscape and strengthened public trust in our institutions.”
Nagaraju also pointed out the steady rise in India’s Financial Inclusion Index, which climbed to 67.0 in March 2025 from 64.2 the preceding year, an indicator that more people are now integrated into the formal financial system.
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