According to Media Sources, Commerce and Industry Minister Piyush Goyal has said that India will become a nation of thirty trillion dollar economy by 2047. Union Minister Piyush Goyal said this during an interactive session at the annual conclave of a private media organization in New Delhi today. Stressing that inflation is under control under Prime Minister Narendra Modi’s leadership, the Minister said that cost control was the Government’s priority when it came to power in 2014. Union Minister Piyush Goyal said that the Reserve Bank of India was mandated to continuously monitor India’s fiscal and monetary policy.
According to Media Sources, The Minister also highlighted the government’s effort to support Micro, Small and Medium Enterprises (MSMEs). He underlined that the Next Generation GST reforms have reduced hassle and simplified the taxation system. Union Minister Piyush Goyal further stressed that the introduction of GST in 2017 was the biggest transformation post-Independence that helped to make the system free of corruption, middlemen and paperwork.
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