GST biggest madness of 21st century: Swamy

Hyderabad, February 19

Describing India’s latest tax reform GST as “the biggest madness of the 21st century”, BJP leader and Rajya Sabha MP Subramanian Swamy on Wednesday said the country needed to grow at 10 per cent per annum to become a superpower by 2030.

He also demanded that former PM, late PV Narasimha Rao, be given the highest civilian award, the Bharat Ratna, for the reforms he introduced during his tenure. Speaking on “India — an Economic Superpower by 2030,” Swamy said though the country had achieved eight per cent growth from time to time, there had been no improvements on the reforms brought in by the Congress leader.

“So how to get that 3.7 per cent (efficiency factor to utilise investments)? (We need to) fight corruption. Don’t terrorise them (investors) with income tax and this GST, which is the biggest madness of the 21st century. — PTI