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Indian GDP to Pick up Pace After GST Impact Fades: Morgan Stanley Report
September 07, 2017
According to a Morgan Stanley report, while the implementation of the Goods and Services Tax regime has affected the economic activities in the country negatively, the actual growth hasn’t lost its momentum. Thus, the GDP growth may reach 6.7% mark this financial year.
Morgan Stanley said that GST led growth deceleration is something of the past and India is moving on to the next phase of productive growth.
India’s GDP hit a three-year low of 5.7% during the first quarter of FY 2017-18 which was mainly blamed on the business slowdown on the account of GST related uncertainty.