J P Chawla & Co. LLP

Fineprint Vol.6 2017

June 2017 saw significant developments in India’s economic landscape. The implementation of the GST is poised to bolster the country’s rating, fostering higher GDP growth and tax revenues. Achieving the fiscal deficit target for FY17 marked a milestone, despite a marginal deviation. India’s seafood exports soared to a record high, buoyed by robust demand in international markets. The launch of ‘DigiYatra’ promises a seamless digital experience for air travelers, aligning with the vision of a digitally empowered society. Retail inflation witnessed a notable decline, offering relief to consumers, particularly in food prices. Additionally, the approval of the Financial Resolution and Deposit Insurance Bill 2017 aims to fortify the financial sector’s stability and protect consumer interests. Moreover, Sensex firms recorded impressive returns, underlining the economy’s resilience and potential.

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