India on track to knock Britain out of world’s top 5 economies #Hindustan360


India will overtake Germany in 2022 as the world’s fourth-largest economy and push Britain out of the top five, based on analysis of growth projections by the International Monetary Fund. View more at #Hindustan360.
These include executing a wide-ranging overhaul of the tax system, sorting out the biggest pile of distressed assets among major economies, reviving lackluster productivity, substantially increasing employment opportunities, encouraging corporate investment and overcoming a significant infrastructure shortfall.
India’s economy is still recovering from a cash ban that sucked out 86 percent of currency in circulation near the end of last year. And then there’s the likely near-term disruptions from the implementation of a nationwide goods and sales tax; indeed the government has already missed an April deadline for putting the tax in place and is now working against the clock to meet its new July 1 goal. Read complete article

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