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Indian government sets out economic reforms
Zone(s): India ¦ Sector(s): Economy
He noted that, for two consecutive years, India’s gross domestic product had been less than 5%, while tax collection declined and inflation ‘continued to be at an unacceptable level’. Mukherjee said his government had set out a plan based on ‘rationalisation’ and ‘simplification’ of the tax regime to make it non-adversarial and conducive to investment, enterprise and growth.