10 Highlights of Indian Economy in 2017

2017: A Look Back – 10 Highlights of Indian Economy

Indian economy has seen various changes this year. Bringing to you 10 highlights of Indian economy:

1. GST Bill – India’s biggest tax reform in 70 years of independence
2. Banking Regulation (Amendment) Bill – Empowers banks to act against loan defaulters
3. Capital infusion into state-owned banks – Rs 2.11 lakh crore capital infusion plan to encourage lending & boost investment
4. SBI Merger- Five associates & Bharatiya Mahila Bank (BMB) merged with SBI
5. Union Budget-  92-year-old Railway Budget merged with the general budget
6. Insolvency Bankruptcy Code (IBC)- Barred defaulting promoters from buying back their assets
7. Ease of Doing Business: India ranked 100^th in the World Bank’s rankings
8. Retail Inflation- Hit a record low of 1.54 percent in June
9. Daily fuel price revision:  India joins select nations on dynamic fuel pricing
10. Sensex, Nifty hit new high: Sensex ends at 33,600; Nifty tops at 10,450