Business
Updated : Mar 22, 2018, 05:05 AM IST
demand-driven remonetisation, tax reforms, GST and lower taxes * These would allow in returning to trend growth in 2017-18, making India the fastest-growing major economy * Middle class to get affordable housing due to fall in real estate prices
* Remonetisation to eliminate cash crunch by April 2017 * Balance sheet problem of over-leveraged companies and bad-loan-encumbered banks has continued to fester * A centralised public sector asset rehabilitation agency needs to look after the largest, most difficult cases and make politically tough decisions to reduce debt * Addressing the twin balance sheet problem will be vital * Suggests incentivising states for good fiscal performance
* Demographic dividend to peak in next five years * Fiscal activism embraced by advanced economies not relevant for India
* Swachh Bharat to promote a broader fundamental right to privacy for women
* Service sector estimated to grow at 8.9% in 2016-17.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)