![IMF-Logo](https://i0.wp.com/fintk2.com/wp-content/uploads/2016/07/IMF-Logo.png?resize=621%2C381&ssl=1)
India is on the right reform track but should continue with a planned tax and other measures, according to an International Monetary Fund research note. “To reduce external vulnerabilities and reach the authorities’ fiscal deficit goal of 3% of GDP by 2017-18, continued fiscal consolidation is needed, including by passage of goods and services tax [bill] and further subsidy reforms,” it said.