GST will take India far ahead of China
If GST comes about, it will be one of the finest things to happen in India. The way GDP is measured was changed a few months back, resulting in a jump in our GDP by a few thousand points. A lot of research shows that implementation of GST can further increase the GDP growth by 1.2 to 2.9 per cent at a weighted average of about 2 per cent of the GDP. Both factors will make India the fastest growing country in the world, far ahead of China.
Anshuman Singh Managing Director & CEO, Future Supply Chain Solutions