Who are the winners and losers from GST in India?

Simon Finch, co-manager of the India Equity Opportunities fund at Ashburton Investments, reflects on Prime Minister Modi’s implementation of the Goods and Services Tax (GST) one month on from launch. He explains in Fund Strategy that while the tax will eventually increase efficiency across sectors, some are set to succeed more than others in the short-run. He highlights the logistics and auto ancillary sectors as winners and the tobacco sector as a short-term loser.