India’s big GST reform is here, and the Chief Economic Advisor calls it a “Diwali gift” for everyone.
With earlier tax cuts already helping the middle class, this new move will make everyday goods cheaper, boost disposable income, and help businesses cut costs. Basically, less tax means more spending power.
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GST reform drops average tax rate from 15% to 11%
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Every day, goods become cheaper for households
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Businesses save on input costs, easing external pressure
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RBI gets room to keep inflation in check
👉 Why this matters: More money in your pocket means stronger spending and a boost for India’s growth.
🔗 Source: India Today
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🖋️ Written and summarized by our editorial team using AI assistance and human review.
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