New Delhi, Sept. 7 -- India Inc revenue will likely grow 6-7 per cent this fiscal because of the reduction in the goods and services tax (GST) rates, as per Crisil Intelligence's latest report.

However, the anti-profiteering rule in the GST system may prevent companies from seeing a major increase in profit margins, the report added.

The rating agency stated that the reductions in the Goods and Services (GST) will have a positive impact on consumption, which accounts for 15 per cent of the revenue of corporates.

The firm added that the timing of the cuts is appropriate, as they occur during ongoing global uncertainty and align with India's festive and wedding season, when spending typically increases.

According to the report, the new ...