In its India section of the report, the Bank said one-time policy events – disruptions from demonetisation and uncertainty surrounding GST – slowed India’s economic momentum in 2016. PTI Photo by Manvender Vashist In its India section of the report, the Bank said one-time policy events – disruptions from demonetisation and uncertainty surrounding GST – slowed India’s economic momentum in 2016. PTI Photo by Manvender VashistIndia’s economic momentum has been affected by disruptions from the withdrawal of banknotes and uncertainties around the Goods and Services Tax (GST), the World Bank says in its latest report. In its India section of the report, the Bank said one-time policy events – disruptions from demonetisation and uncertainty surrounding GST – slowed India’s economic momentum in 2016. According to the bank, GST is expected to disrupt economic activity in early 2018, but has momentum to pick-up.

Source: Indian Express October 11, 2017 05:37 UTC