IMF: GST can raise India's GDP growth to over 8%

International Monetary Fund said on Wednesday - The adoption of the GST could help raise India's medium-term GDP growth to over 8% and create a single national market for enhancing the efficiency of goods and services.  

IMF in its annual country report on India also added that "Although some uncertainties remain around the design and pace of implementation of the GST, its adoption is poised to help raise India's medium-term GDP growth to above 8% as it will create a single national market and enhance the efficiency of intra-Indian movement of goods and services".

At the same time, the International Monetary Fund (IMF) also expressed concerns over the implementation of the Goods and Service Tax (GST).

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