GST: WHY SMALL CAN BE BIG FOR ECONOMY

It may be pure chance that the next round of big-bang reforms directed towards India's internal economy has come at a time of turbulence on the external front.

- SANTWANA BHATTACHARYA EDITOR

But it's a happy coincidence that GST is getting pruned and simplified, offering a new impetus to consumption, at a time of very erratic weather for exports.

The vexed Goods and Services Tax, which has completed eight years with a complex ziggurat-like architecture, is finally getting rationalised into a slimmer, neater structure. Three Groups of Ministers will be meeting next week, on Wednesday and Thursday, to finalise its blueprint. That will be submitted to the GST Council for a final round of consultations.