It is likely that between Rs 50,000 crore and Rs 1,00,000 crore can be recovered in additional taxes through Plan B between the Pradhan Mantri Garib Kalyan Yojna and normal tax route.Plan C is `India's China Moment'. In 1980 India and China were almost equal in GDP . One of the main reasons is China's credit expansion.Their credit to GDP ratio is officially about three times higher than India's.It could be more than four times higher if we include shadow banking of China. These credit flow can create an additional GDP of 15-25% depending upon where and how it is deployed. Ease of doing business has to increase manifold to sustain such rapid growth and unleash animal spirit of entrepreneurs.

Source: Economic Times March 27, 2017 02:48 UTC