The Bharatiya Janata Party (BJP) on Sunday conceded to a “brief slowdown” in the Indian economy as a result of demonetisation, implementation of goods and services tax (GST) and the Insolvency and Bankruptcy Code, which it termed as "creative destruction".
The BJP national executive passed a political resolution at its two-day national executive meeting that concluded on Sunday, which detailed Prime Minister Narendra Modi’s vision of building a ‘New India’ by 2022, when the country marks 75 years of its Independence.
It said a “new confident India” which is “reaching new heights in each and every field” was in the works, and