Union Commerce and Industry Minister Piyush Goyal discusses the Modi government’s next-generation GST reforms. The interview explores the intended impact on the common person, the middle class, and MSMEs. Goyal outlines the rationale behind the reforms, which aim to lower prices and simplify laws to improve both the ease of doing business and ease of living. He addresses criticism from the opposition, defending the timing of the measures by linking them to the growth of domestic manufacturing supported by schemes like PLI. The minister asserts that the reforms are a crucial step in India’s journey towards a developed nation. Goyal states, "this massive GST reduction… will give a great fillip to the Indian economy… and this is the start of next generation reforms."
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