Will Indian economy grow faster with reduced Goods and Services Tax (GST)?

Yeah, Indian economy definitely gets affected by GST as its aim to development society in this modern era to achieve that government needs public finance so GST started GST on rail and construction sector helps in increasing the economy, it was earlier decided to include rail sector in get to widen tax gains, increase tax so as to keep overall GST rate low which helps in tracking of interstate transportation of goods through the IT network, GST increases the garment industry by $25million as retail sales in 2008 which also results in increasing economy.

So, I think in some coming years India will increase economy and can compete with largest economy countries like China, Japan etc.

I think there is nothing like one nation one tax because as we see deeply, there are two taxes cgst and sgst. So I think its the sane tax but with diff names and also because of this our gdp has increased and it has done nothing good to our society.

Hello Everyone.

In my opinion, present GST system is good for the Indian economy.

But as we know In India people have different classes, for lower or middle-class people this GST system is not good because they don't want to pay taxes.

So, I think for lower or middle class people GST must be reduced.

Other side elite-class people don't hesitate to pay taxes.

This way reduction in GST will boos our Indian Economy.

Hello everyone,

In my opinion, Reducing GST could stimulate economic growth in India by boosting consumer demand, improving business competitiveness, attracting investment, and simplifying the tax system. However, the overall impact would depend on how the government manages the potential loss in revenue and ensures that essential public services and infrastructure are not compromised. To maximize the benefits, a well-thought-out strategy to support long-term economic stability and growth would be required.