Economic growth and public finances are expected to spike following the GST's implementation.
"The overall impact of better allocation of resources, improving efficiency of domestic production and exports is likely to improve overall growth. As per estimates from the National Council of Applied Economic Research (NCAER), growth could increase by 0.9 to 1.7 percent," Morgan Stanley said.
As for price pressures, investors needn't worry about a return to double-digit consumer price inflation (CPI).
"A bottom-up analysis of CPI components suggests that the implementation of GST would not be inflationary if the standard rate were to be 18 percent," said Goldman Sachs. "In addition, high-tax items such as petroleum, alcohol and tobacco are also not included in the GST."
So far, the government has yet to confirm whether GST would consist of a single rate, or a tiered system.
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