Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: Inflation has declined by over 6 percentage points since late 2013. The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. Foreign portfolio flows
There were some big new developments in Saturday’s budget, but the stories emerged from the Budget’s fine print, not the speech in Parliament. Recomendations of the 14th Finance Commission and raised the States’ share in the net proceeds of union tax revenues from 32 per cent to 42 per cent.
One of the biggest taxation reforms in India — the Goods and Service Tax (GST) — is all set to integrate State economies and boost overall growth. GST will create a single, unified Indian market to make the economy stronger. The implementation of GST will lead to the abolition of
Background The friendship between India and Japan has a long history rooted in spiritualaffinity and strong cultural and civilizational ties. The modern nation states havecarried on the positive legacy of the old association which has been strengthenedby shared values of belief in democracy, individual freedom and the rule of law.Over
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