GST: India Inc wants implementation, BJP says it can

With general elections a few months away, political voices are getting louder on the need to tackle India's fragile economy. The industry, which has been enduring a rough ride, has been making a strong appeal to get key policy decisions off ground.

Piyush Goyal, National Treasurer, BJP and Sunil Munjal, Joint MD, Hero MotoCorp discuss threadbare on CNBC-TV18 what is expected of the new government and what must be delivered.

Munjal, representing the industry, laid out five key measures that a new government must take up immediately. They are:

• Implementation of GST
• Getting clearance for large projects
• Agriculture reforms to tame inflation
• Focus on manufacturing
• Government-Citizen interface for transparency

Responding to the Industry needs, which will help kick-off growth, BJP's national treasurer said simplification of tax system, time-bound implementation of projects, transparent process between ministries, and lowering of fiscal deficit are key points in the party's election manifesto.

Talking about the contentious GST, which never saw light of the day despite numerous promises and debates, Goyal said BJP will be able to deliver it during its tenure." BJP would like to make GST palatable between state and the Centre." Both GST and DTC are on BJP's reform agenda and the party is committed to simplifying entire tax structure of the country, he said.