MUMBAI: The GST reform will have a positive impact on the Indian economy as it will promote ease of doing business, lower retail prices, and strengthen consumption growth drivers, a RBI bulletin said on Wednesday.

It further said global uncertainty remained elevated in the wake of the imposition of US trade tariffs on major trading partners and renewed concerns over the fiscal health of advanced economies.

“The landmark GST reforms should progressively result in a sustained positive impact through significant gains in ease of doing business, lower retail prices and strengthening of consumption growth drivers,” said an article on the state of the economy published in the RBI’s September Bulletin.

The government has come out with the GST 2.0, a two-rate structure (5 per cent and 18 per ce

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