Simplified four-slab GST linked to demand uptick; think tanks see Q4 FY25 lift

Economists report improved retail and small-business activity following adoption of a simplified four-slab GST structure (5%, 12%, 18%, 28%). Early estimates suggest a roughly 0.4% GDP uplift in Q4 FY25, supported by better compliance and stronger consumer goods output. Analysts caution implementation quality and state-level collections will determine the durability of the demand pickup.