The Hits and Pits of 2017
2017 is gradually fading into the thick folds of history as we kick start 2018 with high spirits on the blank page of a new book. Was 2017 crème de la crème or was it a kick in the gut? In this piece of mine, I have tried to highlight a few. The Economic Survey 2016-17 projecting a surge of Gross Domestic Product(GDP) to 6.75-7.25% in FY2017-18, Moody's thumbs up for Modinomics and the World Bank's ranking for India where we shifted 30 places to reach a humongous score of 100 in ease of doing business across Delhi and Mumbai did blow off the weight from our shoulders. However, the lingering aftermath of the ill-fated Demonetization and a nadir 6.3% GDP still prevail. Truly, Modi loses his luster as the economy stutters. Goods and Services Tax(GST) rolled out in July delivered on the promises to unite the innumerable taxes and reduce their cascading effect, but did not strike the right notes as it witnessed a dip in fiscal revenue for the Government by 2...