According to an estimate by a foreign brokerage, India’s gross domestic product growth could be impacted by 0.20 per cent in the March quarter because of coronavirus. The Indian economy is battling a severe slowdown and the spread of coronavirus could affect the chances of recovery. Slower than expected growth will also affect government finances.
Business Standard Opinion pieces for the day talk about government finances in the context of GST, along with other policy issues.
It is important to realise that the idea of compensating states for 14 per cent growth in GST collection was unrealistic from the beginning,