When you are growing at a rapid rate, there is bound to be some inflation. I think a 5% rate of inflation is something that we should take in our stride.

If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.

You can't have a regime which continuously subsidizes things; as inflation rises, you keep prices of certain things unchanged.

There must be an opportunity that matches with our strategy. Just because we have a gap, we don't want to go and acquire anything and everything. What we acquire should fit in with our strategy, human resources and market expectations.

Corporate governance should be done more through principles than rules.

People should be encouraged by things like awards given for corporate governance practices.