Shock therapy: how will the GST and demonetization affect the Indian economy?
Wednesday, March 29, 2017
The goods and services tax (GST) and demonetization largely dominated India’s economic landscape last year, and while GST had full support, the implementation of demonetization took many by surprise. Both policies however, are expected to have a far reaching impact. Does this indicate that Prime Minister Modi is finally getting to grips with the larger problem in India – corruption and tax collection? What effect will these moves have on growth in the country? Has demonetization derailed the GST? Listen to Dr. Arvind Subramanian, Chief Economic Adviser to the Government of India, as he discusses what’s next for India.