I have lost or cancelled a truly significant number of orders for capital goods as a concequence of GST alone.
This is on the backs of a ridiculous plan to demonitize cash, in a cash based economy.
We saw an immediately slow down when GST hit. Certain sectors were entirely dead - real estate - for a while.
It’s been nearly 6 months, and the pain in the informal sector is now whip lashing its way into the formal economy.
Indians are born children - you are not taking toys away to make them behave.