Demonetisation and GST have definitely added transparency to the tax system and resulted in more taxpayers. _________________________. Otherwise there is no explanation for lower GDP growth in FY17 and FY18 as monsoons have been good, inflation low, crude oil price benign, CAD low, fiscal balances under control, rupee stronger, foreign flows higher and interest rates lower.

Major reforms undertaken by the Government have cleansed the system for sure and made it more efficient.

The Government should set realistic and credible fiscal targets for FY19 rather than target a low number which cannot be achieved.

GDP growth in FY16 was 8 per cent which came down to 7.1 per cent in FY17 and could go up to 6.75 per cent in FY18 and say, 7.5 per cent in FY19.

But the disruption caused to small businesses and agriculture has been significant.

Demonetisation and GST have definitely added transparency to the tax s

1.	Demonetisation and GST have definitely added transparency to the tax system and resulted in more taxpayers. _________________________. Otherwise there is no explanation for lower GDP growth in FY17 and FY18 as monsoons have been good, inflation low, crude oil price benign, CAD low, fiscal balances under control, rupee stronger, foreign flows higher and interest rates lower.
A.	The Government should set realistic and credible fiscal targets for FY19 rather than target a low number which cannot be achieved.
B.	GDP growth in FY16 was 8 per cent which came down to 7.1 per cent in FY17 and could go up to 6.75 per cent in FY18 and say, 7.5 per cent in FY19.
C.	But the disruption caused to small businesses and agriculture has been significant.
D.	Major reforms undertaken by the Government have cleansed the system for sure and made it more efficient.
E.	None of the above
Answer» D. Major reforms undertaken by the Government have cleansed the system for sure and made it more efficient.

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