'Curbing inflation alone not enough' | business | Hindustan Times
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'Curbing inflation alone not enough'

Spice Mobility MD Dilip Modi, the new Assocham president, calls himself a new generation tech entrepreneur. He is creating a social networking platform "Assocham 1" to engage young India, and seeks to stimulate inclusive growth on the digital platform. Himani Chandna reports.

business Updated: Dec 13, 2010 01:16 IST
Himani Chandna

Spice Mobility MD Dilip Modi, the new Assocham president, calls himself a new generation tech entrepreneur. He is creating a social networking platform "Assocham 1" to engage young India, and seeks to stimulate inclusive growth on the digital platform.

Your agenda for Assocham?
The next 10 years will be the most for our country. When we turn 100 (in 2020), I do not wish to be an old chamber but a century-young. We are trying to evolve as a young and vibrant chamber. We have talked a lot. Now, we need to focus on execution.

2010 has been termed a "year of scams". How does it affect the image of corporate India in the global arena?
I am a positive person and the word "scams" generates negativity. India is maturing as a democratic country and this is a part of a democracy. We need to build confidence in the youth about India... there are areas where there is no- corruption.

GDP growth at over 9%. Your observations?
The projections are very bullish. Curbing inflation alone will not solve the crisis. We need to curb the inflationary expectations as well. Corporate India believes if inflation is 8%, salary should increase by 8%. We should talk about 5% inflationary expectations than over 6%.