Tax aftershock creates widening two-speed economy in India
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Mumbai
INDIA'S biggest tax overhaul since independence has driven a wedge between companies that have adapted to the new levies and a vast swathe of small businesses, representing almost half the economy, that are struggling.
The trend emerging from the first quarter of earnings since the goods and services tax, or GST, was introduced on July 1 shows bigger companies such as the Tata Group's Titan Co Ltd, India's largest carmaker Maruti Suzuki India Ltd and Godrej Consumer Products Ltd have used the disruptions to gain market share.
Share with us your feedback on BT's products and services
TRENDING NOW
New CPF life-cycle investment scheme could channel S$6-S$9 billion a year into Singapore stocks: Citi
SGX RegCo proposes tighter disclosures on pay, dividends and investor relations to lift valuations
From Thai jasmine rice to salmon: Singapore could see tighter supply of some foods amid Iran war
Suntec Reit flags near-term pressure on convention business as bookings slow in wake of Iran war
