Friday, 17 March 2017

GST can push up GDP by 150-200 bps: HDFC Chairman

The Goods and Services Tax (GST) regime can push up the country's growth by as much as 150-200 basis points (bps). "If we have a good GST system, lot of experts say GDP could go up by 150-200 bps. India's GDP for the third quarter ended in December 2016 recorded a growth of 7 per cent. The estimate of GDP growth for the full fiscal 2016-17 is 7.1 per cent. Noted industrialist Adi Godrej said that once GST was in place, it would give a tremendous boost to GDP.

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