How GST will impact India?

-
Recently the Modi government with the help of other political parties of India unanimously passed the Goods and Services Tax bill both in Rajya and Loksabha. This bill is now to be ratified by the state assemblies for its implementation, and already states like, especially where the BJP is in power, Assam and Gujarat have ratified it in local assemblies. The Goods and Services Tax will be imposed in India from April 2017 onwards. The moment it was passed in both houses, the Modi government started boasting that GST will boost economic growth in India and it is a policy of creating "one single market" in India as well as slogans like "One nation, One tax" started splashing in newspaper headlines. Are these claims of the Modi government about GST true? In my latest economic report I analyze GST and its impact on the Indian economy.


Comments

Post a Comment

Please leave a civilized and intelligent comment. Usage of bad language is strictly prohibited. I always welcome a healthy discussion.

Popular posts from this blog

Narendra Modi: An Extraordinary Popular Delusion

-
Image
I was recently reading Charles Mackay's famous book, Memoirs of Extraordinary Popular Delusions and the Madness of Crowds , which discusses some of the major popular delusions like the Mississippi bubble, the tulip mania, the south sea bubble, the alchemists, the witch mania, crusades etc., of the known human history. These popular delusions exhibit a kind of madness of crowd which we see every now and then in all ages and at all places wherever human beings are present. The evolutionary brain, which has primed human nature for a kind of herd behavior, is the root cause of this phenomena, but I won't discuss this matter at length here in this post. I want to focus on one such extraordinary popular delusion and madness of crowd type of episode which is right now on-going in India. This episode is of the cult of the popular chief minister of Gujarat, Narendra Modi. The crowd is in frenzy re his name. Many deluded people want him to be the next prime minister of India and rescue t
Read more

Austrian Economics in India

-
Recently I sat down with Mr. Jayant Bhandari - Jayant Bhandari is an investment adviser, particularly in the natural resource sector, living in Canada. He advises institutional investors. -  to discuss India, Gujarat, Narendra Modi, Liberty and Austrian Economics in India and other such relevant issues. The following is the audio podcast of our discussion.
Read more

Narendra Modi's Development Model

-
Narendra Modi, the lead prime ministerial candidate of BJP party, is having an eight point development model, which he is proposing to implement if he comes to power in 2014. In this succinct write-up I want to analyze this Modi model. Although for those who have a thinking head on their shoulders this model presents nothing new, we, in any case, need to analyze it because Modi is likely to be the next PM of India. Let's take a look at the eight points of this development model one by one. My analysis follows the description of this eight point development model. Here is the model: Education & Job Opportunities for Youth: IITs, IIMs and AIIMS in all states Children & Women’s Empowerment: Beti Bachao Programme Urban Develeopment / Infrastructure: 100 smart Cities, Twin City Concept, Satellite Cities, Interlinking rivers, Golden Quadilateral of bullet trains Inflation/Price Control: Price Stabilisation Fund, Special courts for black marketeers Agriculture Reform: Dat
Read more