Industry Insights

Impact of GST and industry-specific issues related to tourism industry

Background India is known for its diverse ecology, terrains and natural beauty coupled with its rich multi-cultural and historical heritage. All these factors together have made India one of the most sought-after tourism destinations. In 2019, the foreign tourist arrival in India was 10.93 million (source). In the same year, the foreign exchange earnings from …

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Impact of GST on the retail sector

Impact of GST on the retail sector

India is among the top five retail destinations of the world and one of the fastest-growing too! The sector contributes about ten percent to the GDP of the country and about eight percent of the employment generated. Factors like a large consumer base, urbanization of the country, rise in disposable income attribute to the growth …

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