- Gita Gopinath of the IMF emphasizes the need for structural reforms in India
- India needs a more skilled workforce, increased women’s labor force participation, and investment in infrastructure
- Gopinath suggests fewer GST rates and broadening the tax base to raise revenue
- She also highlights the importance of improving fiscal space and reducing loopholes in the tax system
- India should focus on capital gains tax and property tax to increase revenue
- Gopinath stresses the importance of ongoing structural reforms for India to achieve developed country status
Source: indianexpress.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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