Morgan Stanley says GST rationalisation may boost GDP by 0.5-0.6%: Key reasons why
The government's fiscal policy, including GST reforms and income tax cuts, is expected to boost GDP growth by 50-70 bps in the coming quarters. The proposed new GST regime will also have positive impacts on growth, inflation, and fiscal balance. Key monitorables include the upcoming GST Council meeting, festive season demand, CPI trends, and global trade negotiations.