GST to boost growth over time, not immediately: Jahangir Aziz

Speaking to CNBC-TV18 Jahangir Aziz of JPMorgan said that there should be a decline in the prices of manufacturing goods from GST rollout. "On an average, there could be a marginal increase on inflation, but it shouldn't be large. Much depends on the bracket of the GST rate."

Regarding growth of the economy, he said it is difficult to put a figure. "In countries which have implemented GST, there hasn't been an improvement in the growth rate. Efficiency in tax has improved, and over time has been translated into a higher growth rate." Watch video for more