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OECD Economic Survey of India 2017 Indian economy is expanding at a fast pace boosting living standards and reducing poverty nationwide; Hails India s recent growth rate of more than 7 percent annually as the strongest among G-20 countries; Secretary Department of Economic Affairs Shri Shaktikanta Das and Secretary-General OECD Mr. Angel Gurria jointly launched OECD Economic Survey of India in Delhi yesterday

News and Press Release - Dated:- 1-3-2017 - The Indian economy is expanding at a fast pace, boosting living standards and reducing poverty nationwide. Further reforms are now necessary to maintain strong growth and ensure that all Indians benefit from it, according to a new report from the OECD. The latest OECD Economic Survey of India 2017 finds that the acceleration of structural reforms and the move toward a rule-based macroeconomic policy framework are sustaining the country s longstanding r .....

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new efforts to boost productivity and reduce disparities between India s various regions. Speaking on the occasion, Mr Gurria said that India provides a welcome counter-point to a global economy that has been under-performing for years. He further said that India has been top performer and reforms are bearing fruit, growth is strong and other macroeconomic indicators are improving. Mr Gurria said that Maintaining the reform momentum will be critical to boosting investment and creating the quali .....

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here is work in progress on all of the recommendations enshrined in the Survey. The implementation of the landmark GST reform will contribute to making India a more integrated market. By reducing tax cascading, it will boost competitiveness, investment and job creation. The GST reform - designed to be initially revenue-neutral - should be complemented by a form of income and property taxes, the Survey said. The Survey points out the need to make income and property taxes more growth-friendly and .....

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