3 Review(s)

ABOUT THE THEME "GST — The New Inclusive Growth Model of India" Globally, there is a clamour for creating a more inclusive world and India is also a frontrunner. Government of India is fully committed to its resolve towards achieving inclusive growth. To achieve this goal, efforts are being made to harmonise the national development priorities with international efforts and a number of policies, strategies, programmes / schemes and actions have been implemented at the national level. Goods and Services Tax (GST) which was introduced in 2017 by replacing a host of other Indirect taxes is now showing its tremendous potential. GST collections touched a record of Rs 1.40 lakh crore in January 2022 which is the seventh straight month when the GST collection has crossed the Rs 1 lakh crore mark. Besides this, it is the fourth time when the GST has crossed the mark of Rs 1.30 lakh crores since its inception. GST collections pace is indicating an improvement in overall economic activities and as expected by economic experts, this positive trend in the tax collection will continue in the coming months as well. We find that the GST is expected to raise overall Indian welfare and is projected to be an inclusive policy in that it would be welfare improving for all Indian states. While India is still in the process of achieving its objectives, it is interesting to analyse how far has it reached compared to other countries and what could be the right policy improvements needed for achieving its target in terms of inclusive growth and sustainable development. In this context, IPER Group of Institutions with CII (Confederation of Indian Industry) organized its 6th National Conference on the theme "GST — The New Inclusive Growth Model of India" will focus on the new opportunities brought in by the growing economy and how the inclusive growth model for India will take shape in days to come.