For the second time in less than a year, the government of Prime Minister Narendra Modi is putting India through a revolution in the way the country does business….On Saturday, a nationwide sales tax replaces the current hodgepodge of business taxes that vary from state to state and are seen as an impediment to growth. It is expected to unify in a single market 1.3 billion people spread over 29 states and seven union territories in India’s $2 trillion economy. – New York Times
Sadanand Dhume writes: In Parliament Friday, Mr. Modi praised the GST as a “good and simple tax.” This may be far from current reality, but it remains a laudable aspiration. His administration deserves credit for taking a big step on a long journey. – Wall Street Journal (subscription required)
Sadanand Dhume writes: In Parliament Friday, Mr. Modi praised the GST as a “good and simple tax.” This may be far from current reality, but it remains a laudable aspiration. His administration deserves credit for taking a big step on a long journey. – Wall Street Journal (subscription required)
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