take a specific example what happened in india and its effects
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1. Economic and population growth
2. Some progress tackling corruption
3. India’s 29 states are now a common market
4. Demonetization had mixed success
2. Some progress tackling corruption
3. India’s 29 states are now a common market
4. Demonetization had mixed success
Tamrakarsiddha:
can you provide me some brief information
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Demonetization had mixed success
Last year, Prime Minister Modi unexpectedly declared that India’s highest-denomination banknotes – accounting for 86% of cash – would no longer be legal tender. Instead they had to be deposited in banks. The aim was to retrospectively punish tax evaders, as those with a stash of 'black money' would face awkward questions. Unexpectedly, however, almost all banknotes were deposited.
Last year, Prime Minister Modi unexpectedly declared that India’s highest-denomination banknotes – accounting for 86% of cash – would no longer be legal tender. Instead they had to be deposited in banks. The aim was to retrospectively punish tax evaders, as those with a stash of 'black money' would face awkward questions. Unexpectedly, however, almost all banknotes were deposited.
India’s 29 states are now a common market
Opportunities for corruption have long been created by the confusing patchwork of taxes across India’s 29 states, which also cause delays as goods cross state borders. In July, the system changed: a new goods and services tax means the 29 states are now a common market.
Opportunities for corruption have long been created by the confusing patchwork of taxes across India’s 29 states, which also cause delays as goods cross state borders. In July, the system changed: a new goods and services tax means the 29 states are now a common market.
Economic and population growth
India is the world’s seventh-largest economy, sitting between France and Italy. Its GDP growth recently dipped to 5.7%; still, India is growing faster than any other large economy except for China. By 2050, India’s economy is projected to be the world’s second-largest, behind only China.
India is the world’s seventh-largest economy, sitting between France and Italy. Its GDP growth recently dipped to 5.7%; still, India is growing faster than any other large economy except for China. By 2050, India’s economy is projected to be the world’s second-largest, behind only China.
Some progress tackling corruption
The newly-published 2017 edition of the World Economic Forum’s Global Competitiveness Report finds that, once again, India’s executives consider corruption to be the most problematic factor they face when doing business within the country.
The newly-published 2017 edition of the World Economic Forum’s Global Competitiveness Report finds that, once again, India’s executives consider corruption to be the most problematic factor they face when doing business within the country.
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