New Delhi: With a landmark goods and services tax (GST) now rolling out across India, Prime Minister Narendra Modi is likely to turn his focus to job creation and other key economic reforms. More From Livemint »Instead, analysts suggest the BJP is likely to focus on creating jobs while it pursues smaller reforms, including on administrative measures, anti-corruption policies and tax evasion. Despite a relaxation of initial filing requirements, there are early signs that businesses remain confused and consumers might be putting off purchases. “You’re likely to see some measures on tax avoidance and corruption, some sort of crackdown on high profile cases,” Malik said, adding that big structural economic reforms are now unlikely. “It will open the door for ambitious, sweeping economic reforms that could lift India’s medium-term growth rate,” said Rajiv Biswas, Asia-Pacific chief economist at IHS Markit.

Source: Mint July 03, 2017 03:11 UTC