‘We are positive about growth, disinflation’, says RBI Governor Das | Economy & Policy News

RBi Governor further said that the country’s growth story has been a multisectoral growth. “A large country like this cannot depend on a single sector, whether manufacturing or services or export-led growth or whatever. It has to be a multiple-sector-driven growth story for India… In the agriculture sector, a lot of achievements have been made, but I think there is still a lot of work to be done in the agricultural sector, especially with regard to the improvement of the supply chains and the value chain framework…,” he said.

Highlighting GST as one of the biggest structural reforms since 1947RBI Governor Das said that GST has made business much more convenient. He said, “Among the structural reforms at the forefront, I would like to mention the goods and services tax, the GST, about which a mention was made…GST has been one of independent India’s biggest structural reforms…I am happy to mention that in India, the GST has stabilised much faster than in many other countries… Today per month collections under GST have touched Rs 1.7 trillion…The business has become much more convenient.. and the costing of business has become much more efficient and competitive together.”