Four years of Modi government: Riding on GST, insolvency law

While glitches attended its roll-out and the tax is not as simple as originally planned, many hope the GST Council will stabilise the tax and improve the tax-GDP ratio

The scale of Narendra Modi's victory in the Lok Sabha elections four years ago, on May 16, 2014, was such that many observers believed a long-delayed course of economic reform would be implemented, using an unprecedented Lok Sabha majority in recent years. In the years since, Modi's government has lived up to expectations in terms of the amount of energy it has brought to policymaking — but its record is divided between hits and misses. 

Hits 

Politically, Modi's most important economic achievement has been the taming inflation since 2014. In this, his government has been helped by the collapse in