PM Modi Celebrates GST Reforms as Economic Game Changer

Prime Minister Narendra Modi lauded the Goods and Services Tax (GST) as a significant milestone for India’s economy, describing it as a “double dose” of benefits for citizens and national growth. Speaking ahead of the upcoming Diwali festival, Modi emphasized that the GST, introduced eight years ago, marked the realization of a long-cherished goal that previous administrations had only discussed.

During his address, Modi criticized the tax policies of the former Congress government, pointing out that they imposed high taxes on essential items, including a staggering 21% tax on basic goods such as toffees. He argued that these excessive levies were detrimental to consumers and hindered economic progress.

Recent Reforms and Their Impact

Highlighting recent GST reforms, Modi pointed out significant tax reductions on services related to youth fitness, including gyms, salons, and yoga classes. He framed these changes as a positive step towards promoting healthy lifestyles among young people.

The Prime Minister elaborated on the broader implications of the GST, stating that it simplifies taxation processes, enhances the quality of life for citizens, and fosters an environment conducive to increased consumption and investment. He asserted that the GST framework strengthens cooperative federalism, which is crucial for building a more robust and developed India.

Modi’s remarks reflect a strategic positioning ahead of the festive season, aligning economic policies with the aspirations of the populace. He concluded by reiterating that the GST is not just a tax reform but a foundational change that will create jobs and uplift the standard of living across the country.

In summary, Prime Minister Narendra Modi‘s celebration of GST reforms underscores his administration’s focus on economic growth and citizen welfare, marking a significant moment in India’s fiscal policy landscape.