India’s new tax will change the country’s investment landscape

Simon Finch, co-manager of the India Equity Opportunities fund at Ashburton Investments, shares his positive first impressions of India’s GST in Money Observer. He notes that while the formalisation of the economy currently puts an administrative burden on companies and consumers, in the long-run it will curb corruption, increase tax revenues and ultimately propel GDP growth. Finch surmises India could even “attain similar levels of growth to China in the 1990s and early 2000s”.