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The key to India's economic boom
The GST boost

While there may or may not be another stimulus package, the move to a "moderate" goods and services tax (GST) in about ten months would provide a big boost to the economy.

As much as $15 billion of additional output could annually be added to India's trillion dollar economy as a result of the tax which would subsume all other central and state level indirect taxes and lead to the all-India common market.

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Image: A cheerful boy waves Indian flags
Photograph: Ashikur Rahman/Reuters
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