4 Steps in 100 Days of Modi Govt That Revived The Indian Economy

Stay tuned to get every day updates in 60 seconds
Entrepreneur Staff
Correspondent, Entrepreneur India
1 min read

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Here are 4 steps of the government that have revived the Indian economy. 

1. FPI Roll Back

The Finance Minister Nirmala Sitharaman reported the rollback of extra additional charge on long and short term profits made by foreign and domestic speculators, which was a major step as it was one reason that marked estimation at FII work area.

2. GST Refunds

To streamline MSME and to improve ease of doing business, government announced long term measures incorporating GST discount in 30 days to MSME and randomized-unremarkable - e-evaluations

3. Auto Measures

The signs of economic slowdown were clearly been reflecting in the auto sector with 14% decline in the first 100 days of second term of modi government. To overcome this, government increased the depreciation rate from 15 percent to 30 percent for vehicles purchased up to March 2020. 

4. Public Sector Banks Merging

 Finance  Minister announced the mega merging of PSBs with the merging of 12 banks into 10. She also announced recaptilisation of banks with budget of Rs 70,000 crore mentioned for state owned banks.

Here's the "news that entrepreneurs can use". Know what's trending in the Indian business world in 60 seconds.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Are you paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.

Latest on Entrepreneur