The Indian economy has been facing tough time in the past one year and it is set to become alright in the coming year 2020. The year 2019 brought forth a lot of economical issues surrounding the Indian economic arena and there are many aspects to look at. It should be kept in mind that the economic growth and development would determine the overall growth and success of a business and this exactly why this criteria or parameter is looked upon with huge expectations. This is exactly why many people are closely watching the economy of India and the kind of course it is expected to take in the coming years.
Confederation of Indian Industry has come forth with the finding that the economy of India would go up in the coming year 2020. It has come out with the finding that the problems associated with the goods and services tax (GST) and the Insolvency and Bankruptcy Code (IBC) are coming to a proper position and there would be a great improvement in the overall economy of India in this coming year. This has been a great news for businesses, investors and the government at large as the present position looks quite dull. The industry is highly hopeful of substantial benefits of the economy and all the economic issues are expected to get ironed out.
Best fiscal policy
The CII has come about the finding that with such growth in the economy, one can expect to see a huge surge in the coming years. It is definitely expected to bring forth the best results possible on the whole. Many are looking up for a change in the current economy management method. There could be new fiscal policies and developmental activities that is expected to come in the coming year.