ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

India's tax reforms falter, hurting Modi's economic legacy

Pandemic starves Delhi of GST cash, leaving states with big budget hole

Indian Prime Minister Narendra Modi marks during Independence Day celebrations in Delhi on Aug. 15: A shortfall in the Goods and Services Tax has left states starved of cash.   © Reuters

BANGALORE -- When Indian Prime Minister Narendra Modi's government unveiled its Goods and Services Tax in 2017, it was called the country's biggest and most significant tax reform since independence in 1947.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more