India will showcase a slew of measures to improve the ease of doing business through a series of reforms, especially the Goods and Services Tax, during Finance Minister Arun Jaitley’s visit to the US.
Jaitley, is slated to attend the Annual Meetings of the International Monetary Fund and the World Bank, is also likely to meet investors and business leaders in New York and Washington DC.
“India’s high growth trajectory, including the blip in the first quarter growth, will be explained to investors, while highlighting the long term benefits of GST,” said a source close to the development.
The move comes at a time when private investment is still to recover in India and the government is boosting public spending to spur economic growth.
The government’s economic reforms, including noteban, have faced flak for growth slowing to a three-year low of 5.7 per cent in the first quarter of the fiscal.
The Finance Minister is also expected to address a lecture at the Harvard University in Boston on GST.
Along with the Annual IMF and World Bank meetings, he is also expected to attend the G-20 Finance Ministers’ meeting along with some bilateral meetings.
India is expected to raise the issue of the continued slow growth in the world economy and coordinated efforts by countries on this front.
Reserve Bank of India Governor Urjit Patel as well as senior Finance Ministry officials, including Economic Affairs Secretary Subhash Chandra Garg, will also attend the meetings.
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