Ashishkumar Chauhan, CEO of Bombay Stock Exchange says that once India’s federal government implements the Goods and Services Tax (GST) regimen, smaller firms will become tax-compliant and will float IPOs to sell their shares to the public.
Chauhan estimates that around 1,000 companies will list on his bourse over the next four years. “We have only scratched the surface,” he told Bloomberg, adding that about 74 companies raised $4.3 billion through first-time share sales on the BSE in the last fiscal year, the highest since 2010.
Raamdeo Agrawal, joint managing director at Motilal Oswal Financial Services Ltd., said that the GST was “a huge positive development. It will have short-term hiccups for six months or so. But once it is done and people have accepted it, then the control of the economy will become far better,” reports the Business Insider.
Last updated: December 26th, 2025
