There are gains from GST, not all of which have been realised: T C A Anant

The GST has two sorts of impacts. One is on the revenue process and the second is the impact on the people who pay taxes and their behaviour, he adds

A few days after Advance Estimates (AE) showed that the expansion in gross domestic product (GDP) is set to decline to a four-year low of 6.5 per cent in 2017-18, Chief Statistician T C A Anant tells Dilasha Seth & Indivjal Dhasmana the data showed there was continued growth momentum. Edited excerpts:
 
Why do you say AE of GDP for 2017-18 are conservative?
 
I am using the word “conservative” in a different context. Statistical forecast, especially in this case, is based on available data. Mostly, the data comprises Actual Estimates, whether in advance corporate filing or agriculture. These