Slowdown due to Centre's failed economic policies, says Amit Mitra

India's GDP growth fell to 5 per cent in the first quarter of the current financial year and is estimated to have dipped further in the second quarter

Blaming demonetisation and the “ill-implemented” goods and services tax regime for the current economic slowdown, West Bengal Finance Minister Amit Mitra (pictured) on Thursday hit out at the central government for delaying GST compensation to states, claiming it has hurt their finances. 

“It is not a cyclical correction but a structural slowdown. The demonetisation decision hit businesses across the country. A few months later, another blow came in the form of the ill-conceived GST rollout,” Mitra said in a press conference. 

 India’s GDP growth fell to 5 per cent in the first quarter of the current financial year and is