GST woes: Why patience shall pay; adjustments in India happening faster than they did elsewhere

Recent economic news headlines signal a strong optimism relating to the Indian economy being on the upswing. Last week, the IMF, at its annual Spring Meetings, had stated that the structural reforms and other measures taken by the government—including digital ID technology and recapitalisation of banks—have started bearing fruit, making India a veritable “economic power-house” with inclusive growt…