IMPACT OF GST ON INDIAN ECONOMICS AS GDP GROWTH OF INDIA
Abstract
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.
Fields of Study & Subjects
Economic and Fiscal Studies
Fiscal Policy and Economic Growth
Indian Economic and Social Development
Publication details
- Journal / source
- Zenodo (CERN European Organization for Nuclear Research)
- Publication date
- 15 February 2026
- Language
- EN