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01 - mofapp.nic.in:8080
State of the economy : An Analytical Overview and Outlook for Policy01 CHAPTEROVERVIEW: SHORT The past year has been marked by some major reforms. The transformational Goods and Services Tax (GST) was launched in July 2017. With a policy change of such scale, scope, and complexity, the transition unsurprisingly encountered challenges of policy, law, and information technology systems, which especially affected the informal sector. Expeditious responses followed to rationalize and reduce rates, and simplify compliance burdens. The inevitable never happens. It s the unexpected alwaysJohn Maynard KeynesMajor reforms were undertaken over the past year.
State of the Economy: An Analytical Overview and Outlook for Policy | 3 1.7 Despite major policy reforms and even in the absence of major new actions, the policy
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