Assessing the Impact of GST on the Textile and Automobile Industries in India: A Comparative Study

Abstract

This research paper dwells into assessing the changes that have occurred in the Textile and Automobile industry after introduction of GST in India. By examining how export and annual turnover is being affected post GST launch, as one of the key objective of introducing GST was to increase the exports from India and lower down the cost of output so as to increase the turnover. Analysing the data so collected for the selected time period, the study assess the reliability measures. The findings highlight the significant correlation between exports turnover and its share in annual turnover. Despite limiting the study to selected variable, the study suggests avenues for future research to address the constraints and employ innovative methodologies. The study is analytical in nature and is based on secondary data and will consider the impact of GST on the manufacturing sector’s performance by considering the sales or revenue and share in GDP.