Indian EconomyImage Credit source: Representational Image
On the one hand, where the world’s big economy is in trouble due to recession. At the same time, India is continuously writing new dimensions of progress. Now the world’s leading investment bank Morgan Stanley has also shown faith in India. Morgan Stanley’s research report states that the situation in India has changed a lot in the last ten years. Now the matter has not been like 2013. According to this research report, India has shown its strength to the world in 10 years.
During these 10 years, India has shown strong progress on many important fronts of the economy. During this, a very fast growth has been recorded in the digital segment of India. Digital transactions in India have now reached 76 percent of GDP. This is a positive sign. According to the report of Morgan Stanley, apart from GDP, many important sectors of the economy have seen rapid growth.
GST collection played an important role
- During this period, the number of national highways, broadband consumer railway routes has increased rapidly.
- India has registered a rapid growth in GST collection. Last month, India has set a new record by collecting record GST.
- India’s economy has got a lot of strength due to increase in GST collection.
- Corporate tax in India has come down by 25 per cent in the last 10 years.
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India changed with these 10 important changes
In Morgan Stanley’s research report, 10 important indicators have been made the basis. In these, things like supply side policy reforms, economy formalization real estate act, digitizing social transfers, insolvency code, flexible inflation targeting, focus on FDI, government support to India’s corporate benefits have been considered as the basis.
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Source: www.tv9hindi.com”