国际英语资讯:Modis demonetisation, tax reforms fail to produce expected economic results: experts
<p><span word="NEW">NEW</span> <span word="DELHI">DELHI</span>, <span word="Oct">Oct</span>. 11-- <span word="Since">Since</span> <span word="assuming">assuming</span> <span word="power">power</span> <span word="in">in</span> 2017, <span word="Indian">Indian</span> <span word="Prime">Prime</span> <span word="Minister">Minister</span> <span word="Narendra">Narendra</span> <span word="Modi">Modi</span> <span word="has">has</span> <span word="introduced">introduced</span> <span word="a">a</span> <span word="slew">slew</span> <span word="of">of</span> <span word="measures">measures</span> <span word="to">to</span> <span word="boost">boost</span> <span word="the">the</span> <span word="economy">economy</span>; <span word="however">however</span>, <span word="his">his</span> <span word="demonetisation">demonetisation</span> <span word="and">and</span> <span word="tax">tax</span> <span word="reforms">reforms</span> <span word="have">have</span> <span word="not">not</span> <span word="produced">produced</span> <span word="the">the</span> <span word="expected">expected</span> <span word="results">results</span>, <span word="experts">experts</span> <span word="here">here</span> <span word="said">said</span>.</p><p>"<span word="I">I</span> <span word="think">think</span> <span word="the">the</span> <span word="ruling">ruling</span> <span word="Bharatiya">Bharatiya</span> <span word="Janata">Janata</span> <span word="Party">Party</span> (<span word="BJP">BJP</span>) <span word="enjoyed">enjoyed</span> <span word="the">the</span> <span word="note">note</span> <span word="ban">ban</span> <span word="dividend">dividend</span> <span word="in">in</span> <span word="the">the</span> 2017 <span word="Uttar">Uttar</span> <span word="Pradesh">Pradesh</span> <span word="polls">polls</span>. <span word="It">It</span> <span word="showed">showed</span> <span word="that">that</span> <span word="the">the</span> <span word="uNPRecedented">uNPRecedented</span> <span word="move">move</span> <span word="banning">banning</span> <span word="about">about</span> 86 <span word="percent">percent</span> <span word="of">of</span> <span word="the">the</span> <span word="currency">currency</span> <span word="in">in</span> <span word="circulation">circulation</span> <span word="to">to</span> <span word="root">root</span> <span word="out">out</span> <span word="black">black</span> <span word="money">money</span> <span word="and">and</span> <span word="corruption">corruption</span> <span word="helped">helped</span> <span word="Modi">Modi</span> <span word="pit">pit</span> <span word="the">the</span> <span word="honest">honest</span> <span word="against">against</span> <span word="the">the</span> <span word="crooks">crooks</span>," <span word="said">said</span> <span word="Bharat">Bharat</span> <span word="Sundar">Sundar</span>, <span word="an">an</span> <span word="economic">economic</span> <span word="analyst">analyst</span> <span word="based">based</span> <span word="in">in</span> <span word="Delhi">Delhi</span>.</p><p>"<span word="But">But</span> <span word="now">now</span>, <span word="a">a</span> <span word="few">few</span> <span word="months">months</span> <span word="later">later</span>, <span word="its">its</span> <span word="real">real</span> <span word="effects">effects</span> <span word="are">are</span> <span word="being">being</span> <span word="borne">borne</span> <span word="by">by</span> <span word="the">the</span> <span word="economy">economy</span>. <span word="Demonetisation">Demonetisation</span> <span word="and">and</span> <span word="GST">GST</span> (<span word="goods">goods</span> <span word="and">and</span> <span word="services">services</span> <span word="tax">tax</span>) <span word="were">were</span> <span word="not">not</span> <span word="thought">thought</span> <span word="about">about</span> <span word="decisions">decisions</span> <span word="but">but</span> <span word="rather">rather</span> <span word="introduced">introduced</span> <span word="in">in</span> <span word="a">a</span> <span word="jiffy">jiffy</span>. <span word="They">They</span> <span word="have">have</span> <span word="added">added</span> <span word="to">to</span> <span word="people">people</span>'<span word="s">s</span> <span word="woes">woes</span> <span word="and">and</span> <span word="pulled">pulled</span> <span word="the">the</span> <span word="economy">economy</span> <span word="down">down</span>," <span word="he">he</span> <span word="added">added</span>.</p><p>"<span word="Since">Since</span> <span word="Aug">Aug</span>. 1 <span word="this">this</span> <span word="year">year</span>, <span word="foreign">foreign</span> <span word="investors">investors</span> <span word="have">have</span> <span word="net">net</span>-<span word="sold">sold</span> <span word="nearly">nearly</span> 2.51 <span word="billion">billion</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span> <span word="of">of</span> <span word="Indian">Indian</span> <span word="stocks">stocks</span>; <span word="their">their</span> <span word="net">net</span> <span word="purchases">purchases</span> <span word="in">in</span> 2017 <span word="amount">amount</span> <span word="to">to</span> 6.4 <span word="billion">billion</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span> <span word="now">now</span>," <span word="said">said</span> <span word="Gogoi">Gogoi</span> <span word="Roy">Roy</span>, <span word="a">a</span> <span word="stock">stock</span> <span word="analyst">analyst</span>.</p><p><span word="A">A</span> <span word="survey">survey</span> <span word="by">by</span> <span word="Reserve">Reserve</span> <span word="Bank">Bank</span> <span word="of">of</span> <span word="India">India</span> <span word="conducted">conducted</span> <span word="recently">recently</span> <span word="pointed">pointed</span> <span word="out">out</span> <span word="that">that</span> <span word="only">only</span> 34.6 <span word="percent">percent</span> <span word="of">of</span> <span word="people">people</span> <span word="believed">believed</span> <span word="that">that</span> <span word="economic">economic</span> <span word="revival">revival</span> <span word="was">was</span> <span word="happening">happening</span> <span word="on">on</span> <span word="the">the</span> <span word="ground">ground</span> <span word="as">as</span> <span word="compared">compared</span> <span word="with">with</span> <span word="a">a</span> <span word="previous">previous</span> <span word="survey">survey</span> <span word="in">in</span> <span word="September">September</span> 2016, <span word="when">when</span> 44.6 <span word="percent">percent</span> <span word="said">said</span> <span word="the">the</span> <span word="same">same</span>.</p><p><span word="The">The</span> <span word="government">government</span> <span word="has">has</span> <span word="now">now</span> <span word="promised">promised</span> <span word="a">a</span> <span word="stimulus">stimulus</span> <span word="package">package</span> <span word="to">to</span> <span word="revive">revive</span> <span word="the">the</span> <span word="economy">economy</span>. "<span word="India">India</span> <span word="is">is</span> <span word="facing">facing</span> <span word="inflation">inflation</span>, <span word="higher">higher</span> <span word="deficit">deficit</span> <span word="etc">etc</span>. <span word="Besides">Besides</span> <span word="gloom">gloom</span> <span word="at">at</span> <span word="domestic">domestic</span> <span word="front">front</span>, <span word="the">the</span> <span word="U">U</span>.<span word="S">S</span>.-<span word="North">North</span> <span word="Korea">Korea</span> <span word="tensions">tensions</span> <span word="and">and</span> <span word="the">the</span> <span word="American">American</span> <span word="Federal">Federal</span> <span word="Reserve">Reserve</span>'<span word="s">s</span> <span word="plan">plan</span> <span word="to">to</span> <span word="re">re</span>-<span word="chart">chart</span> <span word="their">their</span> <span word="balance">balance</span> <span word="sheets">sheets</span> <span word="have">have</span> <span word="taken">taken</span> <span word="the">the</span> <span word="toll">toll</span> <span word="on">on</span> <span word="the">the</span> <span word="stock">stock</span> <span word="market">market</span>," <span word="said">said</span> <span word="Ruby">Ruby</span> <span word="Chaudhury">Chaudhury</span>, <span word="a">a</span> <span word="former">former</span> <span word="professor">professor</span> <span word="at">at</span> <span word="Delhi">Delhi</span> <span word="University">University</span>.</p>
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