India's revenue receipts to reach Rs30 L cr in 2 yrs: Gadkari

With demonetisation, a GST regime and efforts to augment infrastructure, India's revenue receipts could touch Rs 30 lakh crore in the next two years, Union Minister Nitin Gadkari said on Thursday.

Inaugurating the maiden India Integrated Transport and Logistics (IITL) Summit here, the Road Transport, Highways and Shipping Minister Nitin Gadkari said that the government is working on an integrated transport policy and creation of world-class infrastructure could propel India on the path of development and wipe out poverty.

"Post-demonetisation and GST regime, India's revenue receipts are likely to touch Rs 28-30 lakh crore in the next two years coupled with steps to strengthen infrastructure," Gadkari said. At the time the Narendra Modi-led National Democratic Alliance government took over in 2014, the revenue receipts were at Rs 13 lakh crore which could scale up to Rs 20 lakh crore during the three years of the present regime, the Minister said.