GST could have done more on what I had initially recommended: Former chief economic advisor

WION Web Team New Delhi, Delhi, India Dec 09, 2018, 10.51 PM(IST)

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Last month, the former Chief Economic Adviser had called demonetisation a 'massive, draconian, monetary shock' that dragged India's GDP growth rate down. 

Former Chief Economic Advisor to the government, Arvind Subramanian, on Sunday said that the GST could have done more on the lines of what he had recommended initially.

His comments came during an event in Delhi. He also added that GST was "certainly not a failure."

"GST was certainly not a failure but it could have more along the lines of what I had initially recommended," he stated.

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Last month, the former Chief Economic Adviser had called demonetisation a "massive, draconian, monetary shock" that dragged India's GDP growth rate down. 

Subramanian is succeeded by Krishnamurthy Subramanian, a professor from the Indian School of Business.

Krishnamurthy Subramanian took charge as his predecessor, Arvind Subramanian, abruptly left the country's finance ministry in June, news agency Reuters reported.