Three decades of reform have transformed India’s economy. It must now dismantle the barriers that prevent growth from scaling. The period from 2014 to 2019 marked a significant turn in India’s economic strategy, with a strong emphasis on formalising the economy, widening the tax base and improving the ease of doing business. The introduction of the Goods and Services Tax replaced a maze of central and state levies with a unified indirect-tax framework, creating a single natio