Arun Jaitley: A stellar achievement in reform

The Indian finance minister finally pulled off a long-awaited nationwide goods and services tax, arguably the most important economic reform of the post-colonial era.

Arun Jaitley: A stellar achievement in reform

It took more than a decade to get there but India’s parliament finally approved a long-awaited bill in August 2016, creating a nationwide goods and services tax GST arguably the most important tax reform ever achieved in post-colonial India.

The shift to a consumption tax will be a boon to those who bemoan unnecessary bureaucracy in India. It removes cumbersome and price-distorting layers of double taxes and, in the long-run, should bring down prices for...

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