Search
GST to push Indian growth to over eight per cent: IMF
April 29, 2017
- The ambitious Goods and Services Tax to be implemented from July 1 would help raise India’s medium-term growth to above eight per cent, the International Monetary Fund has said adding that the reforms being done are expected to pay off in terms of higher growth in the future.
- “The government has made significant progress on important economic reforms that will support strong and sustainable growth going forward,” Tao Zhang told.
- “We expect that the goods and services tax (GST), which is targeted to be applied starting in July, will help raise India’s medium-term growth to above 8 percent, as it will enhance production and the movement of goods and services across Indian states,” the IMF official said.
