According to a report by the World Bank, Indian economy will grow at 7.2% in 2017-18 and 7.7% in 2019-2020 if goods and services tax was implemented. Junaid Ahmad, World Bank country director in India, also said the GST would reduce the cost of doing business for firms. Other than that, he also stated that GST would also reduce the logistic costs of moving goods across states.
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