RBI Governor Shaktikanta Das has announced that India is on the verge of a significant structural shift in its growth trajectory, aiming for a sustained 8% GDP growth rate. Speaking at the 188th Annual General Meeting of the Bombay Chamber of Commerce and Industry in Mumbai, Mr. Das highlighted India’s multi-sectoral growth driven by various structural reforms, with the Goods and Services Tax (GST) being a key factor. He pointed out that GST has stabilized much faster in India compared to other countries, with monthly collections reaching 1.7 lakh crore rupees, making business operations much more convenient.
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