Nirmala Sitharaman On GST Rate Cuts: How Reform Will Support Growth & Consumption

Nirmala Sitharaman states the primary objective of the Goods and Services Tax reform is rate rationalisation, slab correction, and system improvements for ease of doing business. She clarifies that concerns over tariff impacts or GDP growth were not the triggers for this exercise, describing any positive cushioning for the economy as an 'unintended' benefit. Sitharaman mentions that 'Eight years is good enough reason for us to have learnt enough lesson to correct it.' She adds that while the government had intended to undertake these reforms earlier, circumstances like the COVID pandemic and subsequent economic recovery efforts caused delays. The reform is presented as a necessary step based on accumulated experience. #NirmalaSitharaman #GST #GSTReform #Economy #IndianEconomy #TaxReform #EaseOfDoingBusiness #GDP #Tariffs #BusinessNews ----------------------- Thank You for watching! Do not forget to Like | Comment | Share ----------------------- About the channel Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others. Follow us at: Website: https://www.businesstoday.in WhatsApp: whatsapp.com/channel/0029Va4Hd309hXFCqY62yD2I Facebook: https://www.facebook.com/BusinessToday twitter: https://twitter.com/business_today Instagram: https://www.instagram.com/business_today/