Here’s How Brand New Reforms Could Change The India ‘s Economy | Goods and Services Tax | Insolvency and bankruptcy | Act and the Aadhar Act
Arvind Panagariya, the NITI Aayog Vice Chairman at the interactive multi-stakeholder panel hosted by India’s Permanent Mission to the United Nations has said that the India’s GDP could rise to about 48 trillion over the next 15 years if the nation registers an economic growth of 8 per cent year after year.
The Vice Chairman said, with that level of economic growth, living standards and amenities that are taken for granted in the west will become accessible to a very large part of the Population in India in the coming 15 years.
Listing the big-item and big ticket reforms such as the Goods and Services Tax, Insolvency and Bankruptcy Act and the Aadhar Act implemented by the government, the Vice Chairma said, the benefits of these reforms are just beginning to take place.
