India to clock 6.5% growth this fiscal: Niti Ayog member
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New Delhi: Despite geo-political uncertainties and tariffs, India is expected to clock GDP growth of 6.5 per cent this fiscal and reforms like GST 2.0 will surely have a positive impact on the long-term growth rate, Dr Arvind Virmani, Member, NITI Aayog, said on Thursday, adding that last five years have proved that the Indian economy is highly resilient to global shocks.
The seasoned economist said the GST reforms are something he has personally worked on for a long time, and they will have a positive effect on the Indian economy.
“There were a number of positive measures announced in the Union Budget, and the income tax reforms were an important part, which the Parliament has passed. The GST reforms are also part of that big plan to simplify the compliance and bring ease of doing business,” he noted.
