Industry Insights

Is GST killing the golden goose?

Is GST killing the golden goose?

Gold is very crucial to the Indian culture and the value system of the country. It is not only an investment means in India but an icon of status, wealth and key element of rituals. Even today, gold is the primary metal used for gifting, wearing and investing in India. This makes it the most popular of the entire gem and jewelry group.  Experts also believe …

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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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