"Evaluating the Impact of GST on the FMCG Sector: A Comparative Study of India and the USA (2013-2022)"

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Published: Dec 29, 2023
DOI: https://doi.org/10.53555/jrtdd.v6i10s(2).3292
Keywords:
GST FMCG sector stock returns inflation GDP growth India-USA comparison

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Funnisha Garg
Dr Laxmi

Abstract

This study examines the impact of Goods and Services Tax (GST) on India’s FMCG sector from 2013 to 2022, comparing macroeconomic trends with the USA. It focuses on how inflation and GDP growth rates in India and the USA (independent variables) affect stock returns of major Indian FMCG firms like ITC, Britannia, Dabur, and Nestle (dependent variables). The USA is selected due to its mature FMCG sector, differing tax structure (sales tax), and global economic influence. Through econometric analysis, the study reveals the interplay between GST, inflation, and GDP growth in shaping stock performance, offering insights for investors, policymakers, and businesses. The findings explore whether global economic trends, particularly from the USA, significantly impact Indian FMCG firms.

Article Details

How to Cite
Funnisha Garg, & Dr Laxmi. (2023). "Evaluating the Impact of GST on the FMCG Sector: A Comparative Study of India and the USA (2013-2022)". Journal for ReAttach Therapy and Developmental Diversities, 6(10s(2), 2564–2580. https://doi.org/10.53555/jrtdd.v6i10s(2).3292
Issue
Vol. 6 No. 10s(2) (2023)
Section
Articles
Author Biographies

Funnisha Garg

Ph.D. Scholar (Department of Commerce), Om Sterling Global University, Hissar (125001)

Dr Laxmi

Assistant Professor (Department of Commerce & Management), Om Sterling Global University, Hissar (125001)

References

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