ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Joy for manufacturers, retailers as India moves closer to unified tax

A Mumbai showroom of Tata Motors, one of the many Indian companies expected to benefit from a unified tax. (Photo by Kuni Takahashi)

MUMBAI/NEW DELHI -- Hopes that the much-awaited goods and services tax may finally see the light of the day has improved the long-term outlook for Indian manufacturing companies, especially those in the automotive and consumer goods sectors.

A day after the constitutional amendment bill on GST was passed in the upper house of parliament, the shares of four auto companies were top gainers for the day. The Bombay Stock Exchange's benchmark Sensex ended higher by just 0.06% at 27,714.37 on Thursday, as market participants said the GST passage had already been factored in.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more