Union Electronics and IT Minister Ashwini Vaishnaw on Monday said that the simplification of the Goods and Services Tax (GST) framework will significantly improve ease of doing business, boost demand, and add nearly ₹20 lakh crore to India’s GDP.
Speaking to the media, Vaishnaw said the reform is being welcomed across the country as it allows people to save a greater share of their income and makes most everyday essentials more affordable.
Targeting the opposition, the minister remarked that under the UPA administration, there was “only talk and no action,” whereas the NDA government has delivered “tangible relief” through GST reforms.
He cited several examples of lower GST rates: cement – reduced from 30% to 18%; sanitary pads – reduced from 13% to zero; footwear – reduced from 18% to