{"id":31637,"date":"2017-09-05T00:16:17","date_gmt":"2017-09-05T00:16:17","guid":{"rendered":"http:\/\/151.106.38.4\/2017\/09\/05\/gst-indias-biggest-economic-reform-measure-ever-modi\/"},"modified":"2017-09-05T00:16:17","modified_gmt":"2017-09-05T00:16:17","slug":"gst-indias-biggest-economic-reform-measure-ever-modi","status":"publish","type":"post","link":"https:\/\/nagalandpost.net\/index.php\/2017\/09\/05\/gst-indias-biggest-economic-reform-measure-ever-modi\/","title":{"rendered":"GST India\u2019s biggest economic reform measure ever: Modi"},"content":{"rendered":"<p><img src=\/old_site\/><\/p>\n<div>Prime Minister Narendra Modi on Monday said that the Goods and Services Tax (GST) introduced in July this year is the biggest economic reform ever in India.<\/div>\n<div>\u201cIndia is changing fast into one of the most open economies in the world today,\u201d Modi said while addressing the BRICS (Brazil, Russia, India, China, South Africa) Business Council meet here as part of the 9th BRICS Summit.&nbsp;<\/div>\n<div>\u201cForeign direct investment inflows are at an all-time high, rising by 40 per cent,\u201d he said.&nbsp;<\/div>\n<div>Stating that India has moved up in the World Bank index of ease of doing business and up 32 spots in last two years in the Global Competitiveness Index, Modi said: \u201cThe Goods and Services Tax that was introduced in July is India\u2019s biggest economic reform measure ever. In one stroke, a unified market of 1.3 billion people has been created.\u201d&nbsp;<\/div>\n<div>He said that programmes like Digital India, Start-up India and Make in India were changing the economic landscape of the country.&nbsp;<\/div>\n<div>\u201cThey are assisting India turn into a knowledge based, skill supported and technology driven society,\u201d Modi stated.<\/div>\n<div>He said that the BRICS Business Council played a vital role in giving practical shape to the vision of the bloc\u2019s partnership.&nbsp;<\/div>\n<div>\u201cThe partnerships you have forged and the networks you have created are energising the economic growth stories in each BRICS country,\u201d he said, while praising the council for entering into a memorandum of understanding with the New Development Bank (NDB), the multilateral development bank established by the BRICS member states.&nbsp;<\/div>\n<div>Modi also voiced his appreciation that the BRICS Business Council has matching priorities of trade and investment facilitation, promoting skills development, infrastructure development, small and medium enterprises (SME) development, e-commerce and digital economy.&nbsp;<\/div>\n<div>He said that the council\u2019s work towards establishment of a BRICS Rating Agency, energy cooperation, green finance, and digital economy was noteworthy.&nbsp;<\/div>\n<div>\u201cLet me conclude by saying that as governments, we will offer full support to your endeavours. And we also count on the BRICS Business Council to take us closer to our common objective of improving business and investment cooperation,\u201d the Indian Prime Minister.<\/div>\n<div>The council\u2019s meeting was also attended by host Chinese President Xi Jinping, Russian President Vladimir Putin, Brazilian President Michel Temer, and South African President Jacob Zuma.<\/div>\n<div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prime Minister Narendra Modi on Monday said that the Goods and Services Tax (GST) introduced in July this year is the biggest economic reform ever in India. \u201cIndia is changing fast into one of the most open economies in the world today,\u201d Modi said while addressing the BRICS (Brazil, Russia, India, China, South Africa) Business [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-31637","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/31637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=31637"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/31637\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=31637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=31637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=31637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}