In­dia's Gandhi vows to re­form sales tax, seek in­vest­ment as poll nears

Daily Messenger - - Sportlight -

NEWDELHI: In­dia’smain op­po­si­tion Con­gress party will sim­plify the GST and take “ra­tio­nal eco­nomic de­ci­sions” to at­tract for­eign in­vest­ment if voted back to power in a gen­eral elec­tion due by May, its leader Rahul Gandhi said on Sat­ur­day. Launched in 2017, the GST was ini­tially hailed as Prime Min­is­ter Naren­dra Modi’s big­gest eco­nomic re­form as it re­placed more than a dozen fed­eral and state levies and uni­fied Asia’s third largest econ­omy.

But its chaotic im­ple­men­ta­tion and com­plex­i­ties here -months after a shock ban by Modi on high value bank cur­rency aimed at un­earthing un­taxed wealth -- badly hurt small busi­nesses and led to mil­lions of job losses in the cash-driven econ­omy, pre­sent­ing the big­gest chal­lenge to Modi s re-elec­tion chances.

Gandhi, scion of In­dia’s Nehru-Gandhi dy­nasty, said dur­ing a visit to Dubai that for­eign in­vest­ment was at a mul­ti­year low in In­dia due to the “ill-ad­vised and badly thought out eco­nomic moves” such as the cur­rency ban and a “poorly de­signed GST”.

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