The most important thing is to view it as a historic opportunity. It is the first major economy-related reform of the Constitution that has happened. It is also an opportunity to create a 21st century tax system.
We need to improve our infrastructure, and if someone asked, by when, the obvious answer will be yesterday! According to a study by S&P Global Ratings, the countryÂ´s poor infrastructure is the biggest hurdle to the governmentÂ´s Â´Make in IndiaÂ´ programme, and they went on to add that the infrastructure deficit is costing the nation up to 5 per cent of our GDP.
Clearly, the government had saved the best for the last, with a flurry of policy decisions at the year end. Infrastructure is clearly in for better times in 2016. The year 2015 was generally a positive one for the economy, although bumpy.