GST 2.0 Bonanza: Govt Claims Price Drops, Festive Binge; 3,169 Complaints Filed

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GST 2.0 Bonanza: Govt Claims Price Drops, Festive Binge; 3,169 Complaints Filed

This special report details the ‘GST Bachat Utsav 2025’ press conference with Union Ministers Nirmala Sitharaman, Piyush Goyal, and Ashwini Vaishnav, focusing on the impact of GST 2.0 reforms. Finance Minister Nirmala Sitharaman stated that ‘classification related issues which led to a lot of questions and confusion in the minds of people and which also took a lot of court’s time’ have now been ironed out. The ministers highlighted that the reforms have led to price drops on over 375 items, a surge in festive sales, and a significant boost to the electronics manufacturing sector, which is expected to create 2.5 million jobs. Commerce Minister Piyush Goyal noted that the IMF has revised India’s growth forecast upward to 6.6%, attributing the positive outlook to the new GST structure and increased consumer spending. The government is also monitoring 54 key items to ensure benefits are passed to consumers, even as 3,169 complaints for non-reduction of prices have been filed.

#GST #GSTReforms #IndianEconomy #itwebvideos #NirmalaSitharaman #PiyushGoyal #AshwiniVaishnav #FestiveSeason #MakeInIndia #ElectronicsManufacturing #GrowthForecast

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