30th April 2017
GST will have good effect or bad effect this question has not fully answered. But most the people are expecting it as a good response. There has been report the economy bouncing back on the growth trajectory after demonetisation and the New order inflows across respondents saw a strong growth of 8.2% driven by welding as well as metals & mining segments. People Participating the industry are keen towards GST implementation. Almost half of the people are planning for revenue jump as a result of GST .
In case of Northern region seemed to have performed the best, clocking ~6% positive value growth, while eastern region registered worst performance with ~2% YoY value as well as volume growth. There has been good response on the average revenue growth of 6.3% (with volumes growing by around 6.9%). GST is expected to provide a boost to demand and improve.
On an average there is a revenue growth of 7.5% being the highest value of growth in the eastern region witnessed as (11%); also the other regions are performing well at around 7-8% rate. Logistics and transportation sector will grow better after GST implementation.
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