Nirmala Sitharaman Explains How GST Rate Cuts Will Boost 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
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