GST overhaul boosts CIL's push to replace expensive imports

The Goods and Services Tax (GST) reforms will help offset some of the adverse impacts of steep tariffs of 50% imposed by the US on Indian shipment and the net impact of this on the GDP growth would be 0.2-0.3% in the current financial year, chief economic adviser V Anantha Nageswaran said on Wednesday.

- PRESS TRUST OF INDIA

THE GOODS AND Services Tax (GST) reforms will help offset some of the adverse impacts of steep tariffs of 50% imposed by the US on Indian shipment and the net impact of this on the GDP growth would be 0.2-0.3% in the current financial year, chief economic adviser V Anantha Nageswaran said on Wednesday.

On the positive side, he said, the GST reforms will play a very good offsetting role by substituting domestic demand for whatever export demand that may not materialize from the United States.