Economists see disruption owing to transition troubles, but gains in the long run

As the July 1 deadline for the rollout of the Goods and Services Tax (GST) nears, uncertainty over the transition has driven businesses across the country to offload stocks at hefty discounts, halt production and even organise protests. All this may, however, be only a precursor to the likely economic disruption in the coming quarters, given the low level of awareness about GST and preparednes...