Factors: Foreign Business ties with India

October 28, 2014

"Implementing GST will eliminate inefficient tax cascading, and boost manufacturing… the impact of reform, particularly if enhanced by a systematic dismantling of inter-state check posts, can boost competitiveness and help offset risks to the outlook,” Medvedev said, adding the pace of reform has accelerated but will need to be sustained.

Manufacturing accounts for around 16% of GDP in India compared to more than 20% in Brazil, China, Indonesia, Korea and Malaysia.

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