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GST-Demonetisation Will Strengthen Economy

Gandhinagar: Union Finance Minister Arun Jaitley addressing a seminar on “GST: The game changer for Indian Economy” during the Vibrant Gujarat Global Summit 2017 at Mahatma Mandir in Gandhinagar, Gujarat on Wednesday. PTI Photo / PIB (PTI1_11_2017_000235A)

Speaking at the Vibrant Gujarat Global Summit, Union Finance Minister Arun Jaitley said the implementation of the goods and services tax (GST), coupled with a digitised economy ushered in by demonetisation, will make India’s economy “look much cleaner and bigger”. He reiterated that the centre is still aiming to roll out the GST regime from 1 April.

Stating that most of the issues have been sorted out,he said however some critical issues remain. These critical issues, he is hopeful he will try and solve them over the next few weeks. Jaitley said, “After the transient impact of this is over. Once it is coupled with the historic implementation of GST itself, which has so many advantages… When GST merges all this, and makes India into one entity, it leads to a seamless transfer of global services across the country.”

The Finance Minister assured that steps taken by the government in 2016 will change the way “Indians live and spend in future”.“The number of steps that have been taken are going to be significant because they are going to change the pattern in which India and Indians are going to live and spend in future. It will have an impact on the course of our future lives,” he said.

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