Goods and service tax has been proving fruitful in many cases as the executive chairman of the Templeton Emerging Markets Group, Mark Mobius has suggested. He has shown the sign that there will be a mark of 20 percent in the earning of companies.
He even mentioned that the Nifty could hit a 10,000-13,000 mark in the middle of the year when it will be implemented. And the Indian economy will get a fast pace after the application. He asserted that “in the next 2-3 years after the implementation of GST, earnings of the countries could grow by 20-40 per cent, and to assess the impact of GST on companies, one should be flexible and look at the earnings of each company individually.”
However, he warns that “Can’t expect a clean and immediate implementation of GST.” Discussing the growth and future prospect of India, he was very positive and coined the word ‘tremendous’ and also said that will emerge to be the fastest growing economy in the world.
While the banking sector was in the discussion, he said that “liquidity is the “only major issue” for large funds to invest in India. However, liquidity will rise with an increase in per capita income of people in the country.”
