Implications of GST implementation on Indian Economy-RBI releases State Finances: A Study of Budgets of 2016-17 an annual publication.
Reserve Bank of India
Date : May 12, 2017
Today, the Reserve Bank of India (RBI) released the report entitled “State Finances: A Study of Budgets of 2016-17”, an annual publication that provides information, analysis and an assessment of the finances of state governments. It is the primary source for disaggregated state-wise fiscal data and delineates the changing dynamics of fiscal federalism over the years. The theme of this year’s report is the Goods and Services Tax (GST).
Highlights of the report are:
Introduction of GST would have economy-wide ramifications in terms of growth, inflation, government finances and external competitiveness over the medium-term.
This publication has been prepared in the Fiscal Analysis Division (FAD) of the Department of Economic and Policy Research. The current issue, along with past issues of the report is available on the website (www.rbi.org.in). Comments on this publication may be sent to The Director, Fiscal Analysis Division, Department of Economic and Policy Research, Reserve Bank of India, Shahid Bhagat Singh Road, Mumbai – 400001. Comments can also be forwarded via e-mail.
Ajit Prasad
Assistant Adviser
Press Release : 2016-2017/3056
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