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GST produced a big positive effect on economy, says Modi


Prime Minister Narendra Modi says implementation of the Goods and Services Tax (GST) has produced “a big positive effect” on India’s economy and instilled “a new sense of confidence” in the country.
During his ‘Mann Ki Baat’ monthly radio address, he expressed satisfaction with the implementation of the new tax regime in the country, saying the “lofty dream” of ‘One Nation–One Tax’ has “finally” been fulfilled.
“It has been one month since GST was implemented and its benefits can be seen already. I feel very happy and satisfied when a poor person writes to say how because of GST prices of various items essential for him have come down, and commodities have become cheaper,” he said.
One overriding priority for “every government” has been to ensure that there is no burden on the plate of the poor on account of GST, he said.
Using the GST app, one can know as to how much an item cost before the rollout of the GST and how much it is now post-GST, he said.
“This is a historic achievement. And this is not just a tax reform; it is a new economic order that will strengthen a new culture of honesty. In a way, it is also a campaign for social reformation,” he said.
While doing business has become “so much easier” in India, the most important of all is that the trust of customers for the traders is increasing, he added.
Prime Minister also highlighted the GST effect on pollution control.
“Highways have become clutter-free. Pollution levels have come down with the increased speeds of trucks. Goods are also being transported much faster,” he said.
The prime minister hoped that “Pundits” of economics, management and technology would “some day” undertake a study on India’s GST experiment “as a model for the world”.
The Economic Times, New Delhi, 31st July 2017

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