Union Finance Minister Arun Jaitley at Columbia University in New York.
Union Finance Minister Arun Jaitley at Columbia University in New York.
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The series of transformation kick off by the Modi government like demonetization and the Good and Services Tax (GST) has set the Indian economy on a “far  more stronger track”, Union Finance Minister Arun Jaitley said on Tuesday.

“These are institutional transformation. These are fundamental changes. And these structural changes, I think have put the Indian economy on a far more soundtrack so that we can look forward to a much cleaner much bigger India’s economy in the days and years to come,” Mr. Jaitley said, addressing the students of the Columbia University in New York.

Jaitley is on a week-long visit to the U.S. to be there the annual meetings of the International Monetary Fund and World Bank. Jaitley said the Indian economy model now seems to be emerging.

 Jaitley said there is a harmony on reforms in India. He said the government convinced people that domestic investment is grossly not enough.

“What you require is an additionality of evidence. And therefore, you have to create an atmosphere in India where people find India a friendly place to invest in,” he said as he explained the key hurdles in the process.

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