{"id":3328,"date":"2018-04-21T16:55:00","date_gmt":"2018-04-21T16:55:00","guid":{"rendered":"https:\/\/marinair.gr\/2018\/04\/21\/india-changes-tax-regulations-future-economic-growth\/"},"modified":"2023-05-09T10:45:45","modified_gmt":"2023-05-09T10:45:45","slug":"india-changes-tax-regulations-future-economic-growth","status":"publish","type":"post","link":"https:\/\/marinair.gr\/el\/articles\/india-changes-tax-regulations-future-economic-growth\/","title":{"rendered":"India: Changes in tax regulations and future economic growth"},"content":{"rendered":"<p>India launches e-Way bill system as mandatory since April 1st, 2018 upon the regulation of the new tax regime GST. The e-Way bill applies for the transportation of goods in India; which will make economy more integrated into tax system and will help government to increase tax collections.<\/p>\n<blockquote><p><em>Marinair India is fully integrated under the tax regime and can easily and efficiently handle any given request.<\/em><\/p><\/blockquote>\n<p>After GST simplification, exports rise 30.55% to $26.19 billion. Marinair India poised to register 15% growth on the backdrop of new tax regime.<\/p>\n<p>As proved by a recent economic survey (1), top 1% of<strong>\u00a0Indian firms accounts for 38% of exports<\/strong>. All other countries account for a substantially greater share, 72%, 68%, 67% and 55% of exports in Brazil, Germany, Mexico and USA respectively as seen from the chart below:<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-3091 size-full\" src=\"https:\/\/marinair.gr\/wp-content\/uploads\/2023\/05\/chart-1.png\" alt=\"\" width=\"747\" height=\"583\" \/><\/p>\n<p>The Gross Value Added (GVA) at constant basic prices is expected to grow at the rate of 6.1 per cent in 2017-18 as compared to 6.6 per cent in 2016-17. Similarly, Agriculture, industry and services sectors are expected to grow at the rate of 2.1 per cent, 4.4 per cent, and 8.3 per cent respectively in 2017-18.<\/p>\n<p>However, due to\u00a0<strong>higher expected increase in imports<\/strong>, net exports of goods and services are slated to decline in 2017-18. Similarly, despite the robust economic growth, the savings and investment as a ratio of GDP generally declined. The major reduction in investment rate occurred in 2013-14, although it declined in 2015-16 too. Within this the share of household sector declined, while that of private corporate sector increased.<\/p>\n<p>India can be rated as among the best performing economies in the world as the average growth during last three years is around 4 percentage points higher than global growth and nearly 3 percentage points higher than that of Emerging Market and Developing Economies.<\/p>\n<p>The same survey (1) points out that the GDP growth has averaged 7.3 per cent for the period from 2014-15 to 2017-18, which is the highest among the major economies of the world. This growth has been achieved in a milieu of lower inflation, improved current account balance and notable reduction in the fiscal deficit to GDP ratio makes it all the more creditable.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3092 size-full\" src=\"https:\/\/marinair.gr\/wp-content\/uploads\/2023\/05\/chart.png\" alt=\"\" width=\"1336\" height=\"561\" \/><\/p>\n<blockquote><p>India is a worldwide hub with constant economic growth and Marinair India is ready to deal with any upcoming challenge.<\/p><\/blockquote>\n<p><em>Source (1):\u00a0<a href=\"https:\/\/timesofindia.indiatimes.com\/realtime\/Economic_Survey_2017_18.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/timesofindia.indiatimes.com\/realtime\/Economic_Survey_2017_18.pdf<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India launches e-Way bill system as mandatory since April 1st, 2018 upon the regulation of the new tax regime GST. The e-Way bill applies for the transportation of goods in India; which will make economy more integrated into tax system and will help government to increase tax collections. Marinair India is fully integrated under the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3332,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[26],"tags":[27,28],"class_list":["post-3328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-india","tag-taxes"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India: Changes in tax regulations and future economic growth - Marinair Cargo Services<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marinair.gr\/el\/articles\/india-changes-tax-regulations-future-economic-growth\/\" \/>\n<meta property=\"og:locale\" content=\"el_GR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India: Changes in tax regulations and future economic growth - Marinair Cargo Services\" \/>\n<meta property=\"og:description\" content=\"India launches e-Way bill system as mandatory since April 1st, 2018 upon the regulation of the new tax regime GST. 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