'GST to increase India's GDP by 1-2%'

This (GST) has the potential to push India's GDP by one to two per cent

Press Trust Of India
Last Updated : Apr 17 2015 | 1:46 AM IST
The implementation of the landmark goods and services tax (GST) regime, proposed from April 1, 2016, would increase India's gross domestic product (GDP) by one to two per cent, Finance Minister Arun Jaitley said on Thursday.

"This (GST) has the potential to push India's GDP by one to two per cent," Jaitley said at the Peterson Institute for International Economics in Washington, adding that the landmark constitutional amendment would immediately convert India into a one big uniform market, which will benefit all stakeholders.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 17 2015 | 12:13 AM IST

Next Story