New Delhi, July 23 (ANI): Asia-based financial services group Nomura, in a report, has said that the Goods and Services Tax (GST) can be a game changer for India, as its economy will benefit in the long run. The group that connects markets of the East and West in the report on ‘India Goods and Services Tax – Making “One” India’, stated that India’s economic growth would rise and inflation will come down. As per Nomura’s economics, the short-term impact of GST is likely to be mixed, but in long term, it could also raise general government (central + state) tax collection. The main reason for India’s success story, the Nomura report says, is its long-term focus on reforms and judicious policies .
Watch the Video below
Ventuno