UPSC Queries
What effects of demonetisation or GST on the economy should I know for UPSC?
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- Demonetisation and GST accelerated economic formalisation, expanded the tax base, and boosted digital payments and revenue collection.
- However, they initially caused short-term disruptions, liquidity shortages, and compliance stress for MSMEs and the informal sector.
- To master these macroeconomic shifts, SleepyClasses IAS offers premium, data-driven modules to build high-scoring UPSC answers.
