IMF Executive Director KV Subramanian praises India’s GST revenue and robust GDP growth

Executive Director of the International Monetary Fund (IMF) and Former Chief Economic Advisor to the Government of India, KV Subramanian lauded India’s impressive GST (Goods and Services Tax) revenue collection in November 2023.

Speaking on the matter, he expressed optimism about reaching two lakh crores rupees per month within the next 1.5-2 years, attributing this success to sound tax policies implemented by the government.

Subramanian said, “I think, going by the signs so far, in about 1.5-2 years, we can expect to touch two lakh crores rupees in a month. I think the GST collection doing well is part of the overall phenomenon of good policy that has been implemented. So overall, I think the good performance on the GST side is evidence of good policy on taxation.”