Political Reformist Modi’s GST; Mother Father Grandpa of all reforms will lead India’s growth towards double digits:
After GST launch we will see lots of mergers & acquisitions as well more & more Industrialist going for backward & forward integration sighting huge capacities to bring in economies of scale which in turn will make products more cheap then now. Imported goods will also come under GST. It means that apart from paying import duty it will also attract GST which will make all these imported products more costly which in turn will protect our local industries.
Thus apart from bringing all business under tax ambit (Ensuring robust tax collections going fwd) GST also will encourage private investments in big way which is currently lacking.
Its actually mother father grandpaa of all reforms done so far.
Let one year pass under current form & structure of GST, I am sure from next year onwards we will see GST tax slabs on various goods & services will come down drastically.
So far initial teething problems that we are seeing due to GST will settle down fast then we expect because we Indians are very fast in adapting any changes or challenges that comes our way. Indians means business & business means Indians.
-by DHARMESH PANCHOLI
EQUITY MARKET EXPERT
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