IMPACT OF GST ON INDIAN ECONOMICS AS GDP GROWTH OF INDIA
India's indirect tax system underwent a radical change in 2017 with the introduction of the Goods and Services Tax (GST). With the goal of establishing a single, clear tax system, the GST replaced a convoluted system of state and federal levies. Numerous macroeconomic indices showed notable shifts in the Indian economy between 2018 and 2023. therefore, it was crucial to examine the widespread effects of the GST throughout this time. This research is to assess the overall effects of the GST on the Indian economy between 2018 and 2023, with a particular emphasis on important aspects including GDP growth, competitiveness, tax efficiency, and the incorporation of digital taxation systems. GST revenue growth has a positive impact on GDP growth, with a 1% GST revenue growth causing 0.56% economic growth. India's GDP growth was 7.8% in Q1 FY26, surpassing RBI's forecast GST collections rose 6.2% to ₹1.93 lakh crore in January 2026 Net GST revenue grew 7.6% to ₹1.71 lakh crore in January India's GDP growth projected at 6.7% for FY26.
Authors
- Dr. Sonu Kumar
- Mousam
Institutions
- NIILM University (IN)
Publication Details
- Journal
- Zenodo (CERN European Organization for Nuclear Research)
- Published
- 2026-02-15
- DOI
- https://doi.org/10.5281/zenodo.18846998
- Primary Topic
- Cyberloafing and Workplace Behavior
- Type
- article
- Field-Weighted Citation Impact
- 0.00