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GST, Demonetization Cost Economy ₹4.75 Lakh cr, Says West Bengal’s Finance Minister
November 26, 2018
West Bengal government’s Finance Minister Amit Mitra said that faulty implementation of GST and demonetization has cost the Indian economy around 4.75 lakh crores. He also chided the government’s initiative to sanction up to ₹1 lakh crore worth of loans to MSMEs in 59-minutes and called it a mere “gimmick”.
Mitra, who was addressing the audience at the India International Trade Fair (IITF) said that the government believes in hit and miss decision making because of which there is economic uncertainty in the minds of small businesses.
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