Devi Prasad Misra News Today

The Goods and Services Tax (GST) regime in India has shown positive outcomes, including revenue growth, formalization of the economy, reduced tax rates, and a more unified market, according to Bibek Debroy, chairman of the Economic Advisory Council to the Prime Minister. GST revenue collections have increased significantly since its launch in 2017, and a proposal has been made to create a GST Rate Index to track tax rate movements.

Differences between states often get attention. But integration of the Indian market and demographic transition can be central forces for driving cooperation

Granular readings can complement aggregate data-sets for policy formulation and we can start by using the GST network