Northeast among biggest gainers of GST, says Finance Minister Sitharaman

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Finance minister Nirmala Sitharaman on Thursday said north-eastern states have remained the Modi government's centre of focus and they have been among the biggest beneficiaries of the goods and services tax (GST) regime that has pushed up their indirect tax collections...

Speaking at the Indian Institute of Technology in Guwahati, Sitharaman said the compounded annual growth rate (CAGR) of GST revenue of the north-eastern states has been 27.5% since its introduction in 2017-18..

Sitharaman said investors can take advantage of the north-eastern region's geographical proximity with south-east Asian nations, including Myanmar, Malaysia, Singapore, Thailand, Cambodia, Laos and Vietnam, to expand their reach and market access...

The number of poor in the population dropped to 14.47% in 2022-23 from 36.97% in 2013-14, according to the index.. Highlighting the government's North-East focus, she said the Prime Minister himself has visited the region as many as 65 times in the past 10 years..