The present government, Panagariya said, has made a huge progress in implementing reforms including some difficult structural ones such as the GST and IBC that previous governments had difficulty in introducing.

The CAG is auditing the functioning of GST, including aspects of registration, refund, input tax credit, transition credit mechanism, ease of payment of taxes and the impact on the economic activity.

Showering praise on Finance Secretary Hasmukh Adhia, who retires on November 30, Finance Minister Arun Jaitley Saturday said he was a no-nonsense civil servant who performed his job with professionalism.

\"Whether demonetisation or GST, you can question the efficiency of the implementation but conceptually you cannot question it. GST is a good reform,\" says Puri.

The restaurant business has been under a lot of pressure of late, but now the buzz is that the sector is seeing a revival, across formats to boot.

The MSMEs are always pampered by the government as they generate employment and helps in inclusive growth. But MSMEs pampered in the past could create assert quality issues in future.

Infosys co-founder NR Narayana Murthy said that continuity in government would be a good thing for the Indian economy.