India's GST Bill: Finally a chance to upgrade the country's growth engine

India's economy has been running on the equivalent of Windows 98, making for slow, inefficient bureaucracy and disincentives to trade and investment.

Prime Minister Narendra Modi (pictured) yesterday upgraded the system, unlocking the growth potential of a billion people. With GDP already growing at 7%, India's train is leaving the station. Software and railway analogies aside, we are on the edge of a truly historic moment for India. The Goods and Services Tax (GST) Bill, which was stuck in parliament for over a decade, was passed in to law this week, in what could be a watershed moment for one of the world's largest countries. The GST bill is playing a key role in how we see the future developing in India. The objective behind the...