Finance Minister Arun Jaitley said he is hopeful of rolling out the biggest tax reform GST from July 1 which will make goods and services cheaper and tax evasion difficult. The Finance Minister also said achieving a growth rate of 7-8 percent is plausible and if economies pick up globally then the country's growth rate can go up further. Demonetisation, Jaitley said, will act as a disincentive towards continuing to deal with shadow economy, and integration of informal with the formal economy will increase the size of the GDP and make it cleaner.
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Finance Minister Arun Jaitley said he is hopeful of rolling out the biggest tax reform GST from July 1 which will make goods and services cheaper and tax evasion difficult. The Finance Minister also said achieving a growth rate of 7-8 percent is plausible and if economies pick up globally then the country's growth rate can go up further. Demonetisation, Jaitley said, will act as a disincentive towards continuing to deal with shadow economy, and integration of informal with the formal economy will increase the size of the GDP and make it cleaner.
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