GST Reform Expectations in India Boost Economic Sentiment

Indian manufacturing sentiment strengthened amid anticipation of upcoming GST 2.0 reforms, even as global demand remains subdued. Industry executives expect the overhaul to streamline tax compliance, lower operational costs, and enhance supply chain efficiency ahead of the festive quarter. Analysts said policy clarity could revive private investment and sustain output growth, reinforcing India’s positioning as a manufacturing hub amid global supply diversification trends.