\n
\n\"With the fiscal tailwind remaining significant, the government is using the additional funds for infrastructure spending, especially on highways and railways,\" noted the bank which held a forum on Asian businesses here this week.
\n
Despite the political gridlock in the upper house of the parliament, the government seems confident that it will be able to implement the Goods & Services Tax<\/a> (GST<\/a>) next year, and preparation for the new tax continues, the UK-based bank said.
\n
\nThe government is working on the assumption of an 18-20 per cent base GST<\/a> rate. In case of any difficulty in rolling out the GST by April 2016, the government can target a later date during the year - as an indirect tax, the GST need not necessarily be implemented from the beginning of a financial year, it said.
\n
\nBarclays also highlighted bank recapitalisation.
\n
\n\"Most people we met said that the government's planned capital injections in the banks is a good start, although this was still short of the banks' long-term capital requirements,\" it said in a recent report on India.
\n
\nThe government's initiative to ring fence banks in an independent bureau is also a positive step, but it will take time before this plan is operational, the bank said.
\n
\nMeanwhile, banks have started passing on the Reserve Bank of India's recent rate cut, which some of the experts believe will help to improve credit demand at the margin.
\n
\nIndia also continues to enjoy \"a very strong fiscal tailwind\" supporting investment.
\n
\nAlso, the government is using higher indirect tax revenues to fund key infrastructure spending such as highway construction and railways.
\n
\nTendering for highway projects and the pace of construction of late has been particularly noteworthy, according to the bank.
\n
\"This increase in public sector capex is mitigating the weakness in private investment. Most people in government expect the private capex cycle to remain weak, as excess capacity and subdued aggregate demand prevail, particularly in the manufacturing sector<\/a>,\" the bank said. \n<\/body>","next_sibling":[{"msid":49687607,"title":"Government open to out-of-court settlement in Vodafone case: Sinha","entity_type":"ARTICLE","link":"\/news\/industry\/government-open-to-out-of-court-settlement-in-vodafone-case-sinha\/49687607","category_name":null,"category_name_seo":"industry"}],"related_content":[],"msid":49687758,"entity_type":"ARTICLE","title":"Barclays Bank positive on economic prospects in India","synopsis":"Despite the recent drop in business sentiment in India, the government remains focused on pressing ahead with economic reforms and reviving growth.","titleseo":"industry\/barclays-bank-positive-on-economic-prospects-in-india","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2015-11-06 15:29:58","lastupd":"2015-11-06 15:31:06","breadcrumbTags":["industry","Barclays","GST","manufacturing sector","services tax"],"secinfo":{"seolocation":"industry\/barclays-bank-positive-on-economic-prospects-in-india"}}" data-authors="[" "]" data-category-name="Industry" data-category_id="18" data-date="2015-11-06" data-index="article_1">
新加坡:尽管最近在印度企业信心下降,政府仍致力于推进经济改革和经济复苏,巴克莱(Barclays)银行说。
“财政剩余顺风重要,政府使用额外资金用于基础设施建设,特别是在高速公路和铁路,”指出,银行本周举行的一个论坛在亚洲业务。
尽管政治僵局在上议院的议会,政府似乎相信,它将能够实现货物&服务税(销售税明年),准备新的税收仍在继续,英国银行说。
政府正致力于一个18 - 20百分之基地的假设销售税率。在任何困难的情况下在2016年4月推出的销售税,政府可以目标在今年晚些时候——作为一个间接的税,消费税不一定实现从一开始的财政年度,该公司表示。
巴克莱还强调了银行资本重组。
“大多数人我们见面说,政府在银行的注资计划是一个好的开始,虽然这仍低于银行的长期资本需求,”在最近的一份报告中说,在印度。
政府的主动围栅银行在一个独立的部门也是一个积极的一步,但这需要时间计划操作,银行说。
与此同时,银行已经开始将印度储备银行近期的降息,这的一些专家认为,将有助于提高利润率的信贷需求。
印度还继续享受“一个非常强劲的财政顺风”支持投资。
此外,政府使用更高的间接税收基金等关键基础设施支出公路建设和铁路。
公路项目投标和后期建设的步伐尤为值得关注,根据银行。
“这增加公共部门资本支出减少私人投资不足。大多数人在政府预计,私人资本支出周期继续疲软,产能过剩和抑制总需求占据上风,特别是在制造业,”该行表示。
“财政剩余顺风重要,政府使用额外资金用于基础设施建设,特别是在高速公路和铁路,”指出,银行本周举行的一个论坛在亚洲业务。
尽管政治僵局在上议院的议会,政府似乎相信,它将能够实现货物&服务税(销售税明年),准备新的税收仍在继续,英国银行说。
政府正致力于一个18 - 20百分之基地的假设销售税率。在任何困难的情况下在2016年4月推出的销售税,政府可以目标在今年晚些时候——作为一个间接的税,消费税不一定实现从一开始的财政年度,该公司表示。
巴克莱还强调了银行资本重组。
“大多数人我们见面说,政府在银行的注资计划是一个好的开始,虽然这仍低于银行的长期资本需求,”在最近的一份报告中说,在印度。
政府的主动围栅银行在一个独立的部门也是一个积极的一步,但这需要时间计划操作,银行说。
与此同时,银行已经开始将印度储备银行近期的降息,这的一些专家认为,将有助于提高利润率的信贷需求。
印度还继续享受“一个非常强劲的财政顺风”支持投资。
此外,政府使用更高的间接税收基金等关键基础设施支出公路建设和铁路。
公路项目投标和后期建设的步伐尤为值得关注,根据银行。
“这增加公共部门资本支出减少私人投资不足。大多数人在政府预计,私人资本支出周期继续疲软,产能过剩和抑制总需求占据上风,特别是在制造业,”该行表示。
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