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VOL. 8, ISSUE 1 (2026)
Global trade transformation and the role of GST in strengthening India’s economic position
Authors
Vijay Kumar Jha
Abstract
The implementation of the Goods and Services Tax (GST) in India has
significantly transformed the country’s trade and taxation landscape, aligning
it more closely with global economic standards. This study, titled “Global
Trade Transformation and the Role of GST in Strengthening India’s Economic
Position,” examines how GST has influenced revenue generation, export growth,
and logistics efficiency. Secondary data from NITI Aayog (2022), World Bank
(2022), Ministry of Finance (2023), and the Reserve Bank of India (2023) were analyzed
to evaluate GST’s macroeconomic impact. The
results show that GST improved revenue collection efficiency by about 40%,
increased export competitiveness by 35%, and decreased logistical costs by 25%.
These results indicate that GST has streamlined India’s indirect tax
system, enhanced compliance, and facilitated smoother interstate trade, thereby
improving India’s global trade position. According
to the study's findings, maximising the long-term economic benefits of the GST
requires consistent policy revisions, digital integration in tax
administration, and ongoing performance monitoring.
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Pages:119-122
How to cite this article:
Vijay Kumar Jha "Global trade transformation and the role of GST in strengthening India’s economic position". International Journal of Management and Commerce, Vol 8, Issue 1, 2026, Pages 119-122
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