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Digital trade can promote economic growth in India
Hits:   UpdateTime:2016-09-29 16:37:51  

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Recently, the India Center for International Studies (Gateway House: Indian Council on Global Relations) (Anoop Singh) researcher Anoop Singh published the article pointed out that the current digital economy more influence on productivity, India has become the leading pioneer of advanced technology service domain, established in the field of comparative advantage is very important in the next ten years.

Singh said that the flow of digital information in the global surge in productivity growth, as well as international trade in goods affected by the deepening of its impact. India is still trying to be a leader in global economic growth, and the implementation of the reform of the commodity and service tax (GST) will be a vital factor in the digital economy.

Singh said that the reform measures taken by India have begun to take effect, the draft reform of domestic consumption tax is a key step, but India is still facing the challenge of inter regional differences in taxation. India's modern service industry has become more mature, although cross-border regulatory structure is complex, the regional differences in tax standards limits the growth of foreign direct investment, but India still has great potential in the development of modern service industry.

Singh said that India should expand the export scale, develop new markets, promote external reforms to cope with the complicated international market, the key is to relax the restrictions on foreign direct investment policy, open digital goods and services online market. To comply with WTO multilateral agreements and to participate in the global open competition.

Hits:  UpdateTime:2016-09-29 16:37:51  【Printing】  【Close
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