our direction to push the automotive industry into cleaner fuels is clearly a welcome direction it has to be done again with policy makers and the industry together says munjal in some countries the government plays a more active roles and in some a less active role but the safety net for the industry has to be the government and there is nothing wrong in profits getting privatised says sunil kant munjal founder promoter hero group excerpts from an interview with etnow the economy is going through a massive slowdown and there are reports that the government may provide a fiscal stimulus there are also reports which suggest that government might be looking at certain things like reviewing of ltcg how crucial and critical do you think these things will be looking at the current state of the economy advt india is wonderfully primed in the medium and long term our big challenge is what is going on here and now the biggest and the best intervention can actually come from the government if it is an actual fiscal stimulus with additional cash being introduced in the system it has an immediate potential for an uptick in the overall system but you have to watch how much you inject and where and how you inject because it has a potential risk in the long term if the growth in the economy takes off then you can bear the cost of that but if it does not trigger enough growth then there is a cost to pay in the future you have to be watchful and do it at the right places but it will have a good impact lowering some of the duties taxes gst rates will absolutely have an impact because there are some products which we know are otherwise in demand but where people deferred their purchase decision because in an uncertain economy that is the natural reaction of people especially the high cost becomes an excuse to defer a purchase for six months or a year the expectation right now is that the government will do something and many people have in any case deferred their purchase decision waiting for that action to take play it is critical useful important and imperative that this action happens quickly advt read alsothis is a difficult time government can help kenichi ayukawa md maruti suzuki when we talk about economic slowdown the most important sector that comes to the mind is definitely the auto sector there are reports of multiple job losses 25 to 35 lakh and some say that this number might touch 10 lakh how serious and deep rooted do you think this issue is is it short term and do you see it improving at alllike some of the other parts of the economy the automotive sector is one of the most critical for manufacturing and 49 of manufacturing comes from the automotive sector so auto and auto components are one sector which india