IMPACT OF GST

We expect the growth in the Gross Value Added (GVA) to the economy for the first quarter of this fiscal to come in at an improved but still soft 6.2 per cent, and GDP a tad lower at 6 per cent

— HSBC RESEARCH

NOTE

HSBC said repercussions of an early budget and the newly implemented GST rates, receipts and rebates are likely to distort upcoming GDP readings.

To overcome such anomaly, it argued for focusing on gross value added.