000			01549nam a2200193 4500
999			_c51209 _d51209
003			OSt
005			20190903162508.0
008			190428b ||||| |||| 00| 0 eng d
110			_aMinistry of Finance (GOI) _934459
245			_aState of the Economy : An Analytical Overview and Outlook for Policy.
300			_a55-94 p.
520			_aMajor reforms were undertaken over the past year. The transformational Goods and Services Tax (GST) was launched at the stroke of midnight on July 1, 2017. And the long-festering Twin Balance Sheet (TBS) problem was decisively addressed by sending the major stressed companies for resolution under the new Indian Bankruptcy Code and implementing a major recapitalization package to strengthen the public sector banks. As a result of these measures, the dissipating effects of earlier policy actions, and the export uplift from the global recovery, the economy began to accelerate in the second half of the year. This should allow real GDP growth to reach 6¾ percent for the year as a whole, rising to 7-7½ percent in 2018-19, thereby re-instating India as the world's fastest growing major economy. The agenda for the next year consequently remains full: stablizing the GST, completing the TBS actions, privatizing Air India, and staving off threats to macro-economic stability
653			_aValue-added tax
653			_aBanking industry
653			_aPrivatization
653			_aRecapitalization
773	0		_029298 _970622 _aAGRAWAL, J.D. _o5558805 _tFinance India _x0970-3772
942			_2ddc _cJA-ARTICLE