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The recent slowdown in India’s economic growth is an “aberration” and mainly due to a temporary disruption caused by preparations for the new national tax GST, the World Bank said, also stating that it will get corrected in the coming months.
World Bank President Jim Yong Kim also said that the GST will have a hugely positive impact on the Indian economy.
He was talking to reporters on a conference call ahead of the annual meeting of the International Monetary Fund and the World Bank in Washington. Finance Minister Arun Jaitley will lead the Indian delegation at next week’s meeting.
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