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GST in Modi’s new India : This revolutionary tax reform will yield greater revenues and accelerate economic growth

GST manifests Modi’s determination to accelerate economic growth onto a faster trajectory to make up for the lost opportunities of the previous decades. In 1980, the Indian and Chinese economies were of the same size in purchasing power parity terms. While China’s economy galloped rapidly, India’s economy has lagged behind due to the faulty economic policies pursued by Prime Ministers Indira Gandhi, Rajiv Gandhi and the united front governments.

 

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Uploaded on July 3, 2017