- Tuesday, April 23, 2024
By: Eastern Eye Staff
On Monday our Former Prime Minister Manmohan Singh took potshots at the Narendra Modi led central government, insisting that demonetisation and “hasty” implementation of GST have adversely impacted GDP growth. “Both demonetisation and the GST have had some impact (on GDP growth),” he told media . “Both would affect the informal sector, the small-scale sector… the sectors today are responsible for 40 per cent of GDP.” With informal and small-scale sectors accounting about 40 per cent of the USD 2.5 trillion economy, Singh said that the decision of demonetisation, coupled with GST, had an adverse impact on the economy. “And the withdrawal of 86 per…
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