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Before GST it was difficult for Mumbai to trade with Delhi and much easier to trade with Shanghai. Speaker Sanjeev Sanyal explains how GST is the Largest Ever Tax Reform that paved the way for a uniform tax regime across India.
Noted economist, author and environmentalist, Sanjeev Sanyal spells out his idea of leveraging the Indian economy into one based on social churn, reforms, innovation, risk-taking and most importantly, a framework grounded in the application and imposition of rules.
He elaborates on how fundamental changes like reforming the complex and indirect tax system, regulating inflation control thereby bringing down the Cost of Capital and strengthening manufacturing, reining in the fiscal deficit as well as boosting infrastructural expansion, are practicable only by introducing structural frameworks of governance that will not only maximize governance but pave the way for long-term economic development.
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About The Speaker : Sanjeev Sanyal is an Indian economist, writer, environmentalist, and urban theorist. Currently, he is the Principal Economic Adviser in the Ministry of Finance, Government of India. A Rhodes Scholar and Eisenhower Fellow, he was named “Young Global Leader 2010” by the World Economic Forum at Davos.
Speaker’s Social Media : https://twitter.com/sanjeevsanyal