IMPACT OF GST ON THE INDIAN ECONOMY

In this study, we attempted to demonstrate the effects of Goods and Services Act Implementation on the Indian economy. Primary and secondary data were employed to Do this. We established a few key characteristics for driving any country’s economy, and We used an exhaustive literature review to demonstrate that following the adoption of the Goods and Services Tax, these key parameters will alter, affecting the whole Indian Economy. As a result, we attempted to assess the impact on these parameters and the Indian Economy following the implementation of the Goods and Services Tax representing the Highest impact that the Goods and Services Tax would have on a given parameter and representing the lowest impact that the Goods and Services Tax would have on a given Parameter. Later, a common equation explaining the impact effect of various parameters In the Indian economy was determined using the multiple regression technique.