GST law to boost domestic demand, drive job creationTop Stories

October 24, 2016 14:28
GST law to boost domestic demand, drive job creation

Prime Minister Narendra Modi said that, the Goods and Services Tax law will boost the domestic demand, create more opportunities for the domestic business and drive the job creation. Till now, the domestic market has been fragmented and the different taxes across the different states have made the goods and services more expensive, he said.

"This has hampered growth in inter-state commerce. We are enacting a Goods and Services Tax law, to create an integrated national market. This will further boost domestic demand, create more opportunities for Indian business and drive job creation," he said.

"Indeed, we stand out as a bright spot in the global economy. This is the result of India's fundamental strengths -- democracy, demographic dividend and demand. We need to fully harness these strengths. This can happen only if businesses make long-term investments that create jobs and sustain economic growth," he said.

"A boost to the rural economy through this revolution will make the Indian economy even more robust," he said.

"The legal profession is also opening up to the promises of the digital world. From cause-lists to case-laws, the lawyer's library is now just a click away on your mobile phone," he said.

By Premji

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