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GST to help improve India's exports: Sitharaman

Total exports rebounded with a growth of 4.95% in 2016-17 despite a negative growth in services

IANS  |  New Delhi 

Nirmala Sitharaman
Commerce and Industry Minister Nirmala Sitharaman releasing a book on the achievements of the ministry during the three years in government in a press conference in New Delhi (Photo: PTI)

Commerce Minister on Saturday said the Goods and Services Tax (GST) will help improve India's export growth.

"The way the fitment discussions have happened in the Council and the way commodities and services have been treated, is only going to help in improving our exports," Sitharaman said here, briefing on three years of initiatives and achievements of the Commerce Ministry.

India's total rebounded with a growth of 4.95 per cent in 2016-17 despite a negative growth in services.

The Council on Friday announced the fitment of services and 1,211 goods in the tax rates, heading towards the July 1 rollout of the new indirect tax regime.

First Published: Sat, May 20 2017. 14:32 IST