Union minister Arun Jaitley dubs GST as 'monumental reform'

Defending indirect taxation reform while terming it as 'monumental', Union Finance Minister Arun Jaitley said that the GST disrupted the growth for only two quarters after which it increased to seven percent to 7.7 percent and then to 8.2 percent last quarters. Jaitley’s comments came a day after former Reserve Bank of India (RBI) Governor Raghuram Rajan criticized the Goods and Services tax (GST) reform.While speaking at Union Bank of India's 100th anniversary celebrations event through a video link, Jaitley said, "You will always have critics and cynics who will come up and say GST slowed down India's growth. But is this a response to every monumental reform?