Ashburton's Finch: The positives will far outweigh the negatives for India's GST

Significant tax reform

India's Goods and Services Tax (GST) can incrementally change the investment landscape of India for decades to come despite early teething problems.

It will drive better efficiencies across industries in India to promote domestic investment and, more critically, bring foreign capital back into the country.   It would be simple to assume that the greatest beneficiaries will be organised participants in sectors where the unorganised players are greater in size, number and market share. This depends on the new tax forcing the closure or instantly dragging those skirting the rules quickly into line.  While that might be the case for some parts of the market, it is not accurate across all sectors. Emerging market giants: Ten char...