New York, October 10: The Goods and Services Tax (GST) has been adopted at a fast pace by the state governments said the Finance Minister Arun Jaitley. Earlier this month the GST council has slashed the GST rates of 27 items and also the IGST imports rates were also reduced.
Arun Jaitley is on his first visit to the United States. During an event, he said that when other economies will become more protectionist then Indian economy will happen at the time. The event was organized by CII and US India Business Council (USIBC) in New York.
He said India is now a better place to do business because of the series of steps taken by the government in the last three years. He further added that now India is capable of taking big decisions and implementing them at a large-scale. Around 250 highways projects are under construction, India is now having surplus power and capacity of the Indian ports has been expanded, he said.