The Goods and Services Tax (GST) has had a significant impact on the Indian economy across various sectors: 1. Streamlined tax structure: GST replaced multiple indirect taxes, simplifying the tax system and reducing compliance costs. 2. Boost to GDP: The implementation of GST has led to increased tax collections, resulting in improved government finances and positive GDP growth. 3. Increased investment and employment: With a seamless tax system, GST has attracted domestic and foreign investment, leading to job creation and economic growth. 4. Agriculture: GST has minimal impact on agricultural goods as most are exempted or taxed at a lower rate. However, input costs have increased due to higher tax rates on fertilizers and pesticides. 5. Manufacturing: GST has benefited the manufacturing sector by eliminating the cascading effect of taxes, reducing production costs, and improving competitiveness. 6. Services: Service sector industries, such as IT, consulting, and hospitality, have experienced a positive impact as GST harmonizes taxes across the country, making it easier to do business. Overall, GST has brought transparency and efficiency to the Indian economy, enhancing tax compliance, and promoting economic growth.