You are here: Home » Economy & Policy » News
Business Standard

'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 

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.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, April 17 2015. 00:13 IST
RECOMMENDED FOR YOU
.