The government says it will boost both commerce and state revenues. "We have been saying for the last six months it would be July 1 - nobody has any business not to be ready," Jaitley told reporters. "If he's still not ready, then I'm afraid he does not want to be ready. "Consequently, it should have a positive impact on the GDP," said Jaitley. "The size of the formal economy should also increase."

Source: Times of India June 20, 2017 09:33 UTC