Hailed as one of the most significant economic reforms since India's independence, the Goods and Services Tax (GST) is a potential game-changer for the economy. While the legislation is yet to sail through the choppy waters of centre-state relations, its wide-ranging implications for a host of sectors are already under the scrutiny of the media and the commentariat. Given the pivotal space the automobile sector occupies in the Indian industry universe, it's natural that the GST's impact on it will have reverberations across the economy as a whole. Seeing the media reports surfacing in the recent past, one can easily judge the GST to be one of the most phenomenal changes sharply impacting the Indian economy.
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