States to play a critical role in next generation reforms: CEA Anantha Nageswaran
The Hindu
Chief Economic Advisor discusses the need for fiscal policy to step back and reviews recent reforms.
With the economy regaining momentum, it is time for fiscal policy to step back, Chief Economic Adviser V. Anantha Nageswaran told The Hindu, explaining the interim Budget for 2024-25. Identifying some of the next generation reforms needed in the coming years, he said recent changes, including the Goods and Services Tax (GST), Insolvency and Bankruptcy Code (IBC), and direct taxes also need a periodic review. Edited excerpts:
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