Recent slowdown in Indian economy is temporary, will get back on track soon: World Bank
Eastern Eye Staff
Amidst the hot topic of economic slowdown after the demonetization drive and rolling out of the Goods and Services Tax Bill (GST), World Bank’s take on economic slowdown might give some relief to the Prime Minister Narendra Modi led government. World Bank President Jim Yong Kim said the current slowdown in India’s economic growth is an “aberration” caused by temporary disruptions in preparation for the GST and asserted that it will get corrected soon. He also said that the GST would have long-term positive impact on the economy. “There’s been a deceleration in the first quarter, but we think that’s…
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