Govt confident of new GST regime to roll out from next fiscal: FM
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Finance Minister Arun Jaitley today hoped that economic growth will be higher than 7.3 per cent, recorded last year. He said all macroeconomic parameters appear positive.
Addressing global fund managers and institutional investors in Hong Kong on the last day of his four-day visit to Singapore and Hong Kong, Mr. Jaitley said fiscal deficit is gradually coming down and the aim is to bring it down in the next two to three years to three per cent. He said inflation also is very much under control.
The Finance Minister said economic growth is expected to improve despite unfavourable global economic scenario as the government continues with several reform programmes.
He said the government is conscious of the fact that it needs large investments and resources and domestic investments were inadequate.
Mr Jaitley said government is confident of the new Goods and Services Tax (GST) regime to roll out from next year.
Addressing global fund managers and institutional investors in Hong Kong on the last day of his four-day visit to Singapore and Hong Kong, Mr. Jaitley said fiscal deficit is gradually coming down and the aim is to bring it down in the next two to three years to three per cent. He said inflation also is very much under control.
The Finance Minister said economic growth is expected to improve despite unfavourable global economic scenario as the government continues with several reform programmes.
He said the government is conscious of the fact that it needs large investments and resources and domestic investments were inadequate.
Mr Jaitley said government is confident of the new Goods and Services Tax (GST) regime to roll out from next year.
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