The Goods and Services Tax reforms introduced by Prime Minister Narendra Modi are among the most transformational economic initiatives undertaken in independent India. These bold reforms will ensure an exceptional foundation of economic empowerment, realising his vision of a ‘Developed India’.

In the last 11 years under Modi’s leadership, the world has witnessed India’s growth rate propelling it to become the fastest-growing economy. While world economies struggled with the Covid-19 pandemic and wars, the Indian economy advanced to become the fourth largest in the world.

A key reason for this was the revolutionary GST introduced in 2017, which completely transformed India’s indirect taxation landscape. Modi demonstrated remarkable political will by implementing the GST through a constitutional amendment, proving to be a force multiplier.

This was in stark contrast to the decades of Congress rule, riddled with red tape and a permit licence quota raj that hindered the economy. Wrong policies and economic mismanagement by successive Congress governments were so dismal that India’s growth rate was derogatorily referred to as the Hindu rate of growth, unfairly tarnishing a particular community.

When the Congress-led UPA government left office in 2014, India was considered one of........

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