New Delhi March 6 : Calling demonetisation a path breaking move by central government Union Minister Jayant Sinha said that the decision of demonetisation has improved the financial health of the Indian economy. He further mentioned that the demonetisation has led to a dramatic improvement in India's economic landscape.
Speaking at the fifth annual conclave of the Indian Private Equity and Venture Capital Association Sinha asserted that the bold decision have lowered the large amount of unaccounted cash in circulation.
Commenting on the progress of GST, the minister informed that many foreign players are looking forward to invest in the country. Sinha pointed out that foreign investors have witnessed that the cash-to-GDP ratio has come down and that tax-to-GDP ratio has gone up.