Macroeconomic Impact of the Goods and Services Tax on the Indian Economy: Fiscal Formalization, Logistics Optimization, and Sectoral Rebalancing
The implementation of the Goods and Services Tax (GST) on July 1, 2017, marked the most comprehensive indirect tax transformation in modern Indian economic history, establishing a unified national market. Evaluating GST's multi-dimensional macroeconomic impact over its octennial lifecycle, this report utilizes fiscal s...