Portfolio Investors: Adi Godrej and Godrej Group

portfolio investors: The speed of decision-making is very good for example in Kashmir, but the speed of decision-making on business matters is not good, said Adi Godrej, chairman of the Godrej Group, which sells everything from electronics to chemicals, according to The Japan Times. India Inc. is worried that the slowdown may deepen further. But sentiment is souring in the country's boardrooms after a much-anticipated budget in July failed to provide any stimulus, and instead hiked taxes on the ultrarich and on foreign portfolio investors. ; Several businessmen say Modi's government needs to take swift action on the economy, but instead it seems preoccupied with the situation in Kashmir, which is under a lockdown after authorities curtailed the autonomy of the restive region. We need action, Godrej said in an interview, citing tax breaks for the auto sector and big companies among his top wishes ahead of his taking any major decisions to weather the slowdown. Domestic passenger vehicle sales, a key economic indicator, plunged an annual 31 percent in July the steepest recorded pace of decline in nearly two decades. India's GDP growth in January-March slid to a near five-year low of 5.8 percent, and most analysts expect data due later this month to show that growth in April-June faltered even further. (news.financializer.com). As reported in the news.