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Arvind Subramanian: India’s New Tax Breaks Down Old Barriers

May 30, 2018

Arvind Subramanian says the goods and services tax provides valuable insight into the size of India’s informal and formal sector. (IMF photo)


As economic advisor to the government of India, Arvind Subramanian helped design the country’s goods and services tax. In July of last year, the national GST replaced the patchwork of value-added, sales, and excise taxes levied by 29 states and the federal government. In this podcast, Subramanian discusses the benefits of the new tax with the IMF’s Chris Wellisz. He says the tax helped create a single internal market for the first time since independence. Their conversation is also featured in the June 2018 edition of Finance and Development Magazine.


Arvind Subramanian, Chief Economic Advisor to the government of India.