<h1>Demonetization and GST Reshape India's Industry: Imports Up 22.86%, Exports Up 9.02%, Manufacturing Recovers Post-2017.</h1> The impact of demonetization and the Goods and Services Tax (GST) on India's industrial sectors is complex, influenced by various structural, external, fiscal, and monetary factors. Import and export data for 2016-17 and 2017-18 show significant growth, with imports increasing by 22.86% and exports by 9.02%. Manufacturing and construction sectors experienced fluctuating growth rates, with manufacturing showing a decline in early 2017-18 before recovering. Revenue from central excise and customs duty was affected by the introduction of GST, which subsumed several taxes from July 2017. The information was provided by the Minister of State for Commerce and Industry in a written reply to the Rajya Sabha.