As India transitions into the new Goods & Services Tax (GST) regime to be rolled out 1 July, the tax rates for various goods have been announced. Meanwhile, the "Make in India" initiative has shown some success, but there are cerain steps needed to reform Indian agriculture. New Goods & Services Tax (GST) Regime As India transitions into the new Goods & Services Tax (GST) regime, there has been speculation regarding the tax rates on various goods. There are now five categories of taxes, and the goods are classified according to the Indian Trade Clarification (ITC) that is based on the Harmonized System of Coding (HS), which the country adopted for import/export operations and also makes it easy to identify the products.The lis...