Economics
India’s New Tax Isn’t the Last of Modi’s Reforms
- Government to carefully monitor inflation, price stability
- Politically-sensitive land, labor reforms may be out of reach
Here's What You'll Pay After India's Massive Tax Overhaul
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With a landmark goods and services tax now rolling out across India, Prime Minister Narendra Modi is likely to turn his focus to job creation and other key economic reforms.
Further big structural steps, such as revamping India’s land acquisition and labor laws, are unlikely to occur before the next national election, scheduled for 2019, as Modi’s Bharatiya Janata Party still lacks a majority in the upper house of parliament.