17 - Sep - 2020

Demonetisation and introduction of GST has disrupted the Indian economy - says the World Bank.

The World Bank has stated that the GDP growth of India has slowed down. The Bank has stated that, GDP growth will be only 6% for the current financial year. In it’s report, the World Bank has also stated that the interruptions caused to the economy by the demonetisation, introduction of the GST, combined with high unemployment, has increased the risks for the poor people.

[Source: The Hindu dated 14.10.2019]