Slowdown effect of demonetisation, GST more or less played out: Jaitley

Indian economy is poised for strong, sustainable and balanced growth, said finance minister

GN Bureau | October 13, 2017


#Demonetisation   #GST   #Economy   #Arun Jaitley  


There is clear evidence now that slowdown effect of demonetisation and GST has now more or less played it out, said finance minister Arun Jaitley

Participating in an interactive seminar organised by FICCI on “India Opportunity”, Jaitley spoke on the bold reforms carried-out in India, which now have created opportunities in Infrastructure assets resolution under Insolvency and Bankruptcy Code (IBC) process and in financial sector.

He said the Indian economy is poised for strong, sustainable and balanced growth backed by the government of India’s strong focus on implementing structural reforms.

The implementation of the GST from July 1, 2017 and its gradual complete transition, follow-up to demonetisation, and enacting other structural reforms by the government would take the economy towards higher growth trajectory, he added.

The finance minister said that FDI flows to India have increased in 2016-17 over 2015-16, indicating improved global confidence in the Indian economy.

Comments

 

Other News

Mumbai civic body invites urban designers to improve five streets

To redesign and make its streets safer and inclusive in a studio project, the Municipal Corporation of Greater Mumbai (MCGM) has invited urban designers to join hands with its engineers so as to create innovative place-making strategies for improving walkabilty and vehicular efficiency. 

Corporate taxes cut to spur economy

Aiming to dispel the clouds of a slowdown, the government on Friday announced a series of measures including corporate tax breaks to revive economic activities. The stock market, depressed for a while, welcomed the move that would cost the exchequer Rs 1,45,000 crore. Union minister for fina

E-cigarette ban welcome; now aim for more tobacco control

In what it describes as a “major health and wellness initiative for the country”, the union cabinet has approved the promulgation of an ordinance to ban electronic cigarettes. The move, coming amid a debate over the ways to control tobacco use, should be welcomed, and it needs to be complemente

Ajay Singh is president’s press secretary

Ajay Kumar Singh, who has been the editorial director of Governance Now, has been appointed the press secretary of the president of India. The decision was made by the Appointments Committee of the Cabinet headed by prime minister Narendra Modi on Monday. The appointment will be on contract

Amit Shah on India’s languages: What else he said

Home minister Amit Shah’s remark on the need for a single national language has rightly sparked a debate, but the headlines missed much in his speech about language, culture, and identity. Giving away Rajbhasha Gaurav Puraskar and Rajbhasha Kirti Puraskar awards on the occasion of Hin

On A Personal note with musician Apache Indian

Renowned British singer, songwriter and reggae DJ, Apache Indian (originally known as Steven Kapoor) shot to fame with his style of music which came to be known as bhangramuffin (also called bhangragga) – a mix of bhangra, reggaemuffin and traditional dance hall in the early 1990s. His style changed



Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter