I see no increase in taxation due to GST: Rakesh Jhunjhunwala

The ace investor believes India is poised for double digit growth by 2020

Ace investor Rakesh Jhunjhunwala has no apprehensions about the Goods and Services Tax (GST). The expert doesn't expect the unorganised sectors or the consumers to be badly affected under the GST regime. He rather believes, with more digitisation and strong logistical gains, the impact of the GST on the economy will be far deeper than the tax itself. 

"With GST, there will be as many intangible gains as there appear tangible gains. I personally feel India is poised for double-digit growth, and GST is an aid to it. Even without GST we would have reached there. If you ask my personal