19th April 2017
Demonetisation has affected India’s Economy. This was one biggest step taken by any Government in Indian Economical History. People have new currency in there hands within the span of 50 days. There were certain chaos created during the time when demonetization was implemented. Many rules and regulations were changed according to the need of the People.
Good and Services Tax(GST) has been passed in both houses of Parliament and also by the President of India. World Bank has GST will have a good effect on Indian Economy in 2017-18.There has been a report by World Bank’s South Asia that has estimated that the GDP will be raised by 7.2%. World bank has said that in 2018-19. Indian Economy will be raise towards 7.5%.
There has been a report which indicates that it will increase rates of Crude Oil and other resources. This will have its impact on the Indian Economy in it’s early stages. After implementation, there can be disturbance in Internal Economy in Trade of Small and Mid Sectors.
There has been a vision of better Economy to raise GDP to 7.7%.
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