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Sunday, February 16, 2020

India’s GST collections are below potential: IMF team

The study of India’s resource mobilisation for next five years has estimated that in 2018-19, GST collections were 5.8% of GDP, which was better than some of the comparable developing countries, but far below the potential of 8.2% of GDP, indicating that the efficiency gains from the new regime have not fully accrued.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/39DMnyF

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India invested $14 trillion since independence, over 50% in the last decade: Report

India has experienced significant investment growth, reaching $14 trillion since independence, with $8 trillion invested in the last decade ...