India's GST Revolution: How India’s biggest indirect tax reform changed its economy and its way of doing business

India's introduction of the Goods and Services Tax, or GST, in 2017 has had a significant impact on the country's economy and business landscape. This major indirect tax reform has streamlined compliance and taxation by eliminating many previous levies, making it easier for businesses to operate across state borders. The changes have also led to the phased introduction of e-invoicing, which has improved efficiency, and the removal of border checkposts, enhancing logistics and trade.

Why it matters

India's GST reform has streamlined taxation and compliance, which could lift investor sentiment and boost economic growth. This could lead to increased foreign investment and a stronger rupee, benefiting Indian businesses and markets.

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