You are here

India's middlemen, bribes, borders and tax reform

Companies are cheering the July 1 implementation of the GST, a major tax revamp

BT_20170626_VEG_2951458.jpg
The new GST may help to remove obstacles to moving goods across Indian states which are full of obstacles such as road blocks, tolls and other stoppages, plus the need to pay off the right people.

Washington

SEIZED vehicles. Bribes. Days-long delays. Moving goods across Indian states isn't exactly easy - and that's a major barrier to economic growth.

Rolling a truck of vegetables into Gujarat, the state once governed by Prime Minister Narendra Modi, requires a bribe of 500

sentifi.com

Market voices on:

Powered by GET.comGetCom