For these 5 failures of fiscal policy, the Modi govt can't blame RBI

The most obvious is the goods and services tax (GST)

Instead of blaming the central bank at every opportunity for its poor stewardship of the economy, India’s finance ministry should reflect on its own record, especially its five failures of fiscal policy in almost as many years.

The most obvious is the goods and services tax. A month after the levy went into effect in July 2017, a little over 7 percent of taxpayers failed to comply with the requirement that every business with annual turnover of 7.5 million rupees ($108,000) or more file three returns every month¹.

Analysts chalked it up to software glitches.

However, now that the turnover