Revive investment climate

The nation is looking at the new Government with huge expectations. The Government has to rapidly revive the investment climate by bringing in transparency in policy making. It also needs to address critical issues such as archaic labour laws on an urgent basis. The National Automotive Mission envisages the sector to constitute 10 per cent of the GDP by 2016, from the current level of 6-7 per cent. For this to be possible, the auto sector needs to be supported and the current level of excise duty on two-wheelers at 8 per cent should be continued with. Inflation control is another area that the government needs to act fast on to revive consumer spend and boost GDP growth. Pawan Munjal, MD and CEO, Hero MotoCorp