Describing the various economic reforms undertaken by the government to be of vital importance, Union Minister Arjun Ram Meghwal has said that these reforms will lead the country into the league of developed nations, adding that our ranking in ease of doing business has also improved from 142 to 130.
Meghwal said that "From demonetisation to promoting digital transactions and now implementing the Goods and Services Tax (GST) from July 1 are all steps in this direction. He added that GST is the biggest economic reform to achieve a level playing field with the developed nations of the world". He said that the various reforms were aimed to help the industry and the government stood by its commitment.
He said that the initiatives like demonetization have helped to promote digital transactions, pulled the shadow economy back and increased the tax base with the addition of 91 lakh taxpayers.