Editorial Board

A New Start for India's Economy

South Asia's powerhouse moves closer to enacting a much-needed tax reform.

It spells "progress."

Photographer: Noah Seelam/AFP/Getty Images

The tax reform just approved by India’s parliament could transform the country’s economy. Talked about for years, the plan would replace a crazy jumble of national, state and local taxes with an integrated value-added tax. If well-executed, the idea could make India a truly single market -- with enormous potential gains for the world’s third-largest economy.

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