Gst Tax Rollout: India’S Economy Is Getting Its ‘Massive Bang’ Reform

India’s $2 trillion economy is getting its biggest tax reform since the country became independent in 1947.
Related: India’s tax dodgers can keep half their wealth if they declare itThe International Monetary Fund forecasts that the GST will eventually lift India’s gross domestic product growth back above 8%.
Local resident Rakesh Chawla was on the fence about buying a new television, but said he “expedited” his purchase before the new tax system kicks in.
Bumpy road aheadThere’s little doubt about the long term benefit of the tax reform.
Oxford Economics estimates that the reform could add 0.6% to India’s annual growth rate over the next 15 years.

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