A sharp jump in sales, especially of electronics and consumer goods; reduced prices for key daily-use items; all adding up to a significant push to consumption which may even reflect in the GDP numbers for financial year 2025-26 — these were some of the key gains, highlighted by the government Saturday, attributed to GST 2.0 reforms rolled out September 22.

At a joint conference named “GST Bachat Utsav,” held by Finance Minister Nirmala Sitharaman , Commerce and Industry Minister Piyush Goyal , and Information & Broadcasting Minister Ashwini Vaishnaw, the government’s message was that the benefits of GST rate cuts are reaching the end-consumers and these cuts have resulted in consumers increasing their purchases, which in turn, is going to be a driving force for investment.

Sitharama

See Full Page