Indian economy will prevail through GST in coming months - Nirmal Singh Lotus Green


In a press conference on Thursday, the World Bank talked about the economic slowdown in India and how that is just a temporary phase. The World Bank said that the disruptions are just aberrations that have been caused due to the preparations of GST. These issues will soon be rectified by the Indian government in the next few months, the spokesperson added.

While discussing GST with Nirmal Singh Lotus Green in Washington last week, Kim Yong Kim, the president of World Bank, said that the Goods and Services Tax implemented by Modi will surely have positive impacts on the Indian economy. He also said that for such a huge thing to work, patience is required and that without it everything will look like its coming down when it isn’t – something similar is happening India.

‘The Indian media has always played a pivotal role in bringing out the positive sides of the policies that the governments have brought in. The media has worked with the government. When in the early stages of the Modi government the media was being termed as a puppet, the same media has turned to the opposite extreme. When the media is not supporting the government with policies that the World Bank is showing hope in, I don’t know how the general public can trust the government. The responsibility is on the media to not turn a simple situation into a national doomsday which I think isn’t happening right now.’ - Nirmal Singh Lotus Green


There will be another delegation visiting the USA next week which will be led by the Indian Finance Minister, Arun Jaitley. He will be taking questions about the Indian economy and will be discussing the next steps that the finance ministry has planned to take in the coming years with the World Bank. Kim, along with Arun Jaitley, will also talk about the world economy and how that has gained pace in the last decade after showing disappointing growth.
Location: India

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