GST Reform Timed to Boost Festive Demand, Says PM Modi
PM Modi linked the new GST reforms with India’s upcoming festive season, branding them a 'festival of savings' for households. By reducing tax rates on essential items and simplifying compliance, the government expects to enhance consumer sentiment at a critical time for retail. The announcement is likely to support demand in segments such as housing, electronics, and FMCG. Experts note that positioning tax reform as a festive benefit could give immediate psychological relief to consumers and aid market stability.
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28 days ago
GST Reform Timed to Boost Festive Demand, Says PM Modi
PM Modi linked the new GST reforms with India’s upcoming festive season, branding them a 'festival of savings' for households. By reducing tax rates on essential items and simplifying compliance, the government expects to enhance consumer sentiment at a critical time for retail. The announcement is likely to support demand in segments such as housing, electronics, and FMCG. Experts note that positioning tax reform as a festive benefit could give immediate psychological relief to consumers and aid market stability.
positive
GST Reform Timed to Boost Festive Demand, Says PM Modi
28 days ago
1 min read
79 words
GST reforms tied to festive demand to support retail and consumption growth.
PM Modi linked the new GST reforms with India’s upcoming festive season, branding them a 'festival of savings' for households. By reducing tax rates on essential items and simplifying compliance, the government expects to enhance consumer sentiment at a critical time for retail. The announcement is likely to support demand in segments such as housing, electronics, and FMCG. Experts note that positioning tax reform as a festive benefit could give immediate psychological relief to consumers and aid market stability.
PM Modi linked the new GST reforms with India’s upcoming festive season, branding them a 'festival of savings' for households. By reducing tax rates on essential items and simplifying compliance, the government expects to enhance consumer sentiment at a critical time for retail. The announcement is likely to support demand in segments such as housing, electronics, and FMCG. Experts note that positioning tax reform as a festive benefit could give immediate psychological relief to consumers and aid market stability.