World Bank President Jim Yong Kim also said that the Goods and Services Tax (GST) is going to have a hugely positive impact on the Indian economy. The recent slowdown in India’s economic growth is an “aberration” mainly due to the temporary disruptions in preparation for the GST, the World Bank said today, pointing out that it will get corrected in the coming months. World Bank President Jim Yong Kim also said that the Goods and Services Tax (GST) is going to have a hugely positive impact on the Indian economy. Responding to questions, the World Bank president insisted that this slowdown is temporary. Next week, both the World Bank and the IMF are expected to come out with their new GDP figures and growth projections for India and the rest of the world.

Source: Indian Express October 05, 2017 16:28 UTC