Sanjay Kirloskar calls for patience before growth revives

Industrialist and chairman of the CII Western Region Sanjay Kirloskar today called for patience, saying that the government has its own priorities and the revival of economic growth will take some time.
"Government has its own priorities about which levers to pull to make sure that growth will happen. This requires you to be a little patient. It has been one year and five months. We have had four five years of absolutely slow growth, just give it some more time," Kirloskar said.
Kirloskar, who was here for a CII event, was responding to questions about why production levels continue to remain unchanged despite the change of guard at the Centre.

Kirloskar, who heads the USD 2.5 billion Kirloskar Group, pointed out that India's ranking in the World Bank's 'Doing Business' index had improved by 12 places and investment in most Indian states was increasing.
"If India's ranking improves and this is (by) 12 points in one year, people are going to come here. This is a large market," he said.
He also said the manufacturing sector should be given sops on the lines of the IT industry.
"We have IT industry for example, which had a lot of benefits which were given to them. We can see where the IT industry has gone. Similarly I believe manufacturing should also be given similar benefits which would encourage them to invest," Kirloskar said.