Mirae's Chadha Sees GST Disruption in India

The video discusses the impact of economic reforms in India, focusing on GDP growth, productivity improvements, and market dynamics. It highlights the challenges faced by SMEs and the benefits of GST and bankruptcy laws. The discussion also covers tax collection and compliance, emphasizing the psychological shift post-demonetization.

What is the expected medium-term benefit of the economic reforms discussed in the first section?

• Reduced foreign investment

• Increased short-term disruptions

• Improved productivity and infrastructure investment

• Decreased government revenue

How are large corporates expected to improve productivity according to the second section?

• By outsourcing more operations

• By reducing employee numbers

• By consolidating manufacturing and warehousing

• By increasing the number of manufacturing locations

What was the impact of demonetization on SMEs as mentioned in the second section?

• It weakened their market position

• It led to increased tax evasion

• It had no significant impact

• It strengthened companies with good balance sheets

What is a key challenge in tax collection in India as discussed in the third section?

• High number of taxes

• Lack of tax laws

• Evasion due to multiple taxes

• Complexity of the GST framework

How does the GST framework aim to reduce tax evasion?

• By increasing the number of taxes

• By simplifying tax laws

• By reducing tax rates

• By implementing a dual entry system