The perfect time

It is the perfect time for the launch of the Goods and Services Tax from inflation point of view as this particular macro fundamental is placed at an ideal position for the rollout of India's most ambitious tax reform

Retail inflation

The retail inflation, measured by the Consumer Price Index was at a four year low of 2.18 per cent in May, 2017. Likewise, the Whole Price Index measured inflation was mere 2.17 per cent for the latest month, providing an ideal platform for the GST

Crude oil prices

Even the global crude oil prices are trading below US$ 50 per barrel and the outlook does not seem to be that of an upturn, thus helping India's macro picture , that should aid the GST rollout without any price pressure on the consumers.