India’s biggest tax reform since independence was launched Saturday to a mixture of protests and confusion among businesses and consumers. Yet despite the initial implementation dramas, analysts have pointed to potential longer-term gains for Asia’s third largest economy.
Formally enacted in a late-night session of parliament Friday, the new goods and services tax (GST) has unified 29 states and 1.28 billion people into a single market for the first time. The move is expected to strengthen government finances, reducing complexity and boosting foreign investment, among other economic benefits.
Featured PA News
This page is dedicated to featured news from EROPA's contributions to the United Nations Public Administration Network and updates on EROPA.
EASTERN REGIONAL ORGANIZATION FOR PUBLIC ADMINISTRATION
National College of Public Administration and Governance
University of the Philippines, Diliman 1101 Quezon City
Telefax: +632 929 7789
Created and maintained by the Filipino Historian.