In its annual assessment of the Indian economy, the International Monetary Fund said, "India’s economy is picking up and growth prospects look bright. As one of the world’s fastest-growing economies—accounting for about 15 percent of global growth—India’s economy has helped to lift millions out of poverty. "The authorities have initiated...
Ten Most Significant Changes in India in the Last Decade
Forbes documents the top ten most significant changes that India has witnessed from 2010 to 2017. Read a lightly edited summary of these below: 1) Emerging as one of the largest economies The recent economic expansion noted in India has brought a record number of people out of poverty. A...
Corporate America Bets on India
John Chambers, executive chairman, Cisco, and chairman, U.S.-India Strategic Partnership Forum says, "While India has long been an important global market, never before has it attracted so much enthusiasm from the American business community." Chambers attributes India's economic transformation, from "slow follower to fast innovator in a matter of several...
GST May Spur Over 1,000 companies to seek public listing
Ashishkumar Chauhan, CEO of Bombay Stock Exchange says that once India's federal government implements the Goods and Services Tax (GST) regimen, smaller firms will become tax-compliant and will float IPOs to sell their shares to the public. Chauhan estimates that around 1,000 companies will list on his bourse over the...
Walmart India Trains Supplier Partners in GST Compliance
Walmart India has started a series of workshops for its supplier partners to help them evaluate their Goods and Services Tax compliance levels and prepare for the transition to the new tax structure to be rolled out from July 1. Tax rates have been finalized for 1,211 items with a...
IMF: GST Will Push India's GDP Growth Rate up over 8%
In an exclusive interview with the Press Trust of India, Tao Zhang, Deputy Managing Director of the International Monetary Fund said: "The government has made significant progress on important economic reforms that will support strong and sustainable growth going forward." "We expect that the Goods and Services Tax (GST), which is...