The country’s biggest indirect tax reforms GST, which almost looked like a reality by August when Parliament passed a constitution Amendment Bill, ended the year with an uncertain future breaching the April 2017 deadline. The RBI, which began the year with some tough decisions on bad loans plaguing the banking sector ended it with a dent on its image for frequent rule changes.
The Indian rupee, which remained a star performer for a better part of the year, saw a lifetime low on November 24.