Bringing back the local in the national tax regime
A single GST rate of 12% would work if the centre and states share 1/6th of this with local bodies, leading to an urban revolution
By all accounts, Indian economy today is on a growth turnpike, not very different from the growth miracles experienced by Asian tigers as well as China in earlier decades. India has consistently accelerated its growth rate over the last three decades. Our country has not looked back since 1991 and has, in fact, become one of the best growth performers in the world economy.