Prime Minister Manmohan Singh said the Government will now have to undertake more difficult reforms, including reduction of subsidy and implementing goods & services tax (GST), to put the economy back on the path of stable, sustainable growth.

"The easy reforms of the past have been done. We have the more difficult reforms to do such as the reduction of subsidy, the insurance and pension sector reform, eliminating bureaucratic red tape and implementing Goods and Services Tax (GST)," Singh said while addressing Parliament. Read More