OECD's periodic review of India's economy. This edition includes chapters covering sustaining growth and improving living standards, fiscal policy, energy subsidies, financial reform, and education.First, in December, the indirect tax rate on manufacturing output was reduced from 16% to 12%. Then, in the 2009 Budget, it was cut by a further two percentage points and the service tax was also cut by two percentage points, bringing both to 10%. ... For 2010, the government planned to reduce expenditure by 13a4 per cent of GDP, based on the absence of payment ... The reduction in the deficit would have been larger if it were not for a 10% overshooting in current spending, which inanbsp;...
|Title||:||OECD Economic Surveys: India 2011|
|Publisher||:||OECD Publishing - 2011-06-14|