Niti Aayog foresees more growth in next 2 quarters
30 Sep 17 1 min read
The economic downturn that began in the last two years of the United Progressive Alliance-II regime has bottomed out and growth will improve in the next two quarters, Niti Aayog vice chairman Rajiv Kumar has said. Admitting to problems due to demonetisation and goods and services tax (GST) implementation, he said people have adopted to the new tax regime.
Observing that countries that have adopted GST have witnessed some decline in the growth rate because the system struggles to come to new norm, he said 2018-19 will be much better than the current year, according to Indian media reports.
India has attracted foreign direct investment (FDI) worth $250 billion in the last three years, he said at the All India Management Association diamond jubilee convention in New Delhi recently. (DS)
Observing that countries that have adopted GST have witnessed some decline in the growth rate because the system struggles to come to new norm, he said 2018-19 will be much better than the current year, according to Indian media reports.
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India has attracted foreign direct investment (FDI) worth $250 billion in the last three years, he said at the All India Management Association diamond jubilee convention in New Delhi recently. (DS)
Fibre2Fashion News Desk – India
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