GST reforms may lift deficit by 0.2% in short-term; long-term growth to cushion impact: Report
Proposed changes in the Goods and Services Tax (GST) structure could temporarily push up India’s fiscal deficit, but the growth benefits are expected to outweigh the short-term setback, according to an analysis by Emkay Research cited by ANI.The report projects the fiscal deficit rising to 4.5 per cent in FY26 and 4.6 per cent in…