The move to untangle the complicated tax structure and establish GST across the whole country, will be a big help in making India more competitive. The simplification will also help reducing manpower in the govt. I remember reading that 85% of the money collected as Octroi goes in the salaries of people who collect it.
Compared with the western world, Indian companies pay far more taxes and get nothing in return.
I hope the planned constitutional amendments are passed without too many legal hurdles.
The way this govt is going ahead with reforms can catapault India on a fast track to growth.
Regards
| NIFTY 
