India Reforms on Track
World Economy

India Reforms on Track

Confident of pushing the gross domestic product growth higher and continuing the reforms agenda, Finance Minister Arun Jaitley Saturday said one main reform which is still work in progress is ‘ease of doing business’ in India and steps are under way on that front, NDTV reported. Jaitley also said the political opposition is unlikely to obstruct the reform process, including on the direct and indirect tax reforms, and he was hopeful about the goods and services tax getting through as well which is one of the few reforms that has been held up. He said India’s ranking has improved on ease of doing business in the last one year, but more needs to be done. Speaking at ‘The Global Economic Outlook’ session in Davos on the last day of the WEF annual meeting, Jaitley said GST remains very high on the government’s priority while the new bankruptcy law is another major reform measure going ahead. The panelists said India remains a bright spot in the global economy with a growth rate of over 7%, the highest for any large economy.


Short URL : https://goo.gl/QdcDii
  1. https://goo.gl/GM1bLp
  • https://goo.gl/5JGmvG
  • https://goo.gl/YdQBpv
  • https://goo.gl/J1lYK1
  • https://goo.gl/DbZQuG

You can also read ...

The Norges Bank, Fed, BoE, ECB and SNB collectively set borrowing costs for more than a third of the world economy.
Wall Street economists are telling investors to brace for the...
India’s economy has the potential to grow at 8% over the next 20 years.
A new UN report flags subdued private investment in India as a...
Southeast Asia Internet Economy to Reach $50b
Digital businesses can’t afford to ignore Southeast Asia,...
Afghan Reforms Showing Progress
The International Monetary Fund has praised the Afghan...
Gas flares burning at the North Rumaila natural gas field, north of the southern Iraqi port of Basra.
The World Bank will stop financing oil and gas exploration and...
That decision to leave the EU prompted a sharp 15% fall in the pound, which raised the cost of imported goods, notably food and oil.
Consumer price inflation hit a near six-year high of 3.1% in...
Petrol prices are set to increase by about 80%.
Saudi Arabia plans to raise domestic petrol and jet fuel...
Russia: Sanctions Worst Form of Protectionism
Russian economy minister has urged the World Trade...