World Bank CEO all praise for GST
PTI NEWDELHI, 4th Nov: Days after it gave India a 30 place jump in its ease of doing business ranking, the World Bank on Saturday said the Goods and Services Tax (GST) and reforms push by the government will catapult the country to high middle income economy in 30 years.
It credited India's "extraordinary" achievement of quadrupling of per capita income to reforms taken in last three decades.
Comparing the achievement of securing 100th rank in the latest Doing Business Report to hitting century in cricket parlance, World Bank Chief Executive Officer (CEO) Kristalina Georgieva said a jump of that nature is very rare since the beginning of the survey 15 year ago.
“It is particularly rare when we talk about size of India. I understand that in a cricket-loving nation hitting a century is a very important milestone,” she said.